| Ticker: WPNE | 40 Simon Street | |
| Exchange: NASDAQ-National Market | Nashua, New Hampshire 03060 | |
| Industry: High-Tech | (603) 886-9050 |
| Type of Shares: | Common Shares | Filing Date: | 8/2/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 10/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $27,000,000 | Selling: | $0.35 | |
| Expenses: | $950,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,030,384 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $9.23 | $4.86 | $3.43 | Assets: | $7.01 |
| Net Income: | -$1.17 | -$1.89 | $0.23 | Liabilities: | $3.84 |
| EPS: | -$0.32 | $0.04 | Equity: | $3.17 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| White Pine develops, markets and supports multiplatform desktop connectivity software that facilitates worldwide video and audio communication and data collaboration across the Internet, intranets and other networks that use the Internet Protocol. The company's desktop videoconferencing software products, Enhanced CU-SeeMe and the White Pine Reflector, create a client-server solution that allows users to participate in real-time, multipoint videoconferences over the Internet and intranets. White Pine also offers its eXodus line of desktop X Windows software, which enables seamless interoperability between local and remote environments, and its 5PM line of terminal emulation software, which provides desktop access to data and applications residing on enterprise legacy systems. Until the 1990s, videoconferencing generally required expensive hardware based systems that communicated through proprietary protocols. Even today, most video conferencing systems are proprietary hardware-based products priced between $1,000 and $40,000. |
| Use of Proceeds |
| The proceeds from the offering will be used for repayment of indebtedness, working capital and other general corporate purposes, including potential acquisitions. |
©1996 IPO Data Systems, Inc. - All rights reserved.