| Proposed Ticker: ALTV | 30 Porter Road | |
| Exchange: NASDAQ-National Market | Littleton, Massachusetts 01460 | |
| Industry: Service | (508) 486-2700 |
| All share information is proposed | ||||
| Type of Shares: | Class A Common Shares | Filing Date: | 8/27/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $50,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Spin out parent firm: | Digital Equipment Corporation | |||
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/29/96 | 6/29/96 | ||||
| Revenue: | $3.63 | Assets: | $7.51 | ||
| Net Income: | -$29.87 | Liabilities: | $1.98 | ||
| EPS: | Equity: | $5.53 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops and markets software products for use in the emerging integrated Internet/intranet business environment. The company's portfolio of innovative software products enables users of the Internet and intranets to (i) find useful information, (ii) control access to information and transmit it securely and (iii) collaborate and communicate from multiple locations. The company's products and services are designed to integrate all levels of the work environment -- Internet, enterprise, workgroup and individual user -- and to allow location- and platform-independent computing. To increase global awareness of the AltaVista brand and showcase AltaVista software technologies and products, the company provides the popular AltaVista Internet Search Service and other Internet services free on the World Wide Web. The company also licenses its Internet services to major telecommunications and media companies outside the United States and to major Internet content providers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes including product development, expansion of sales and marketing efforts and capital expenditures. In addition, the company may make one or more acquisitions of complementary technologies, products or businesses. |
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