| Ticker: SPLH | 555 Del Rey Avenue | |
| Exchange: NASDAQ-National Market | Sunnyvale, California 94086 | |
| Industry: High-Tech | (408) 328-6300 |
| Type of Shares: | Common Shares | Filing Date: | 8/5/96 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 10/9/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $31,200,000 | Selling: | $0.43 | |
| Expenses: | $1,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,920,622 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $30.47 | $31.33 | $20.34 | Assets: | $28.50 |
| Net Income: | $2.09 | -$10.33 | $1.44 | Liabilities: | $20.98 |
| EPS: | Equity: | $7.52 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Splash develops, produces and markets color servers that provide an integrated link between desktop computers and digital color laser copiers and enable such copiers to provide high, quality, high speed, networked coir printing. These hybrid systems, consisting of color servers and digital color laser copiers, support multiple uses including image scanning, image manipulation, printing and photocopying. The company's products feature advanced color correction, color calibration and separations support, ease of use, time saving workflow functionality, simulation of many color monitors and printing presses, and automatic correction for certain printing workflow problems. Commercial color printing customarily involves multiple iterations of complex, labor-intensive and costly steps, including design and composition, color retouching and other manipulation, color separation, image setting and proofing, and finally, preparation of printing plates and printing on a large, expensive commercial press. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of subordinated promissory notes, redemption of Series A Preferred Stock, and general corporate purposes including working capital. |
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