| Bea Systems, Inc. | |||
| (www.beasys.com) | |||
| Ticker: | BEAS | 385 Moffett Park Drive, Suite 105 | |
| Exchange: | NASDAQ-National Market | Sunnyvale, CA 94089 | |
| Industry: | High-Tech (SIC Code 7372) | (408) 743-4000 | |
| Type of Shares: | Common Shares | Filing Date: | 1/31/97 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 4/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $7.50 | |
| Primary Shares: | 5,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.42 | |
| Offering Amount: | $35,000,000 | Selling: | $0.22 | |
| Expenses: | $2,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7242 |
| Issuer's Law Firm: | Morrison & Foerster |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/96 | 10/31/96 | 10/31/95 | 10/31/96 | ||
| Revenue: | $5.13 | $36.35 | $0.75 | Assets: | $48.46 |
| Net Income: | -$17.74 | -$86.16 | -$8.11 | Curr Assets: | |
| EPS: | -$0.58 | -$1.72 | Liabilities: | $122.18 | |
| Prior EPS: | -$5.55 | -$2.87 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$6.17 | Equity: | -$73.72 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops, markets and supports software used by large organizations to enable and support their most critical business processes. The company's Enterprise Transaction Framework is an integrated middleware software platform for developing, deploying and managing distributed mission-critical computer software applications. The core of the BEA Enterprise Transaction Framework is BEA Tuxedo, a software engine that manages transactions and communications for enterprise-wide applications, enabling organizations to realize the benefits offered by distributed computing environments while preserving the traditional advantages of mainframe-based systems. BEA products provide a middleware software infrastructure that supports thousands of simultaneous users distributed worldwide. |
| Competition |
| The market for middleware software and related services is highly competitive. The company's competitors are diverse and offer a variety of solutions directed at various segments of the middleware software marketplace. These competitors include database vendors such as Oracle Corporation, IBM Corporation and others, which offer their own development tools for use with their proprietary databases, as well as companies offering and developing middleware software products and related services or application development tools that compete with products offered by the company. |
| Business Plan |
| The company's strategy is to leverage its current leadership position in distributed transaction processing in order to establish its middleware solutions as the industry standard for developing, deploying and managing large-scale mission-critical applications for distributed environments. The key elements of the company's strategy are: 1) expand BEA's technology leadership; 2) expand BEA's global solutions channel; 3) promote the embedding of BEA TUXEDO in ISV applications; 4) leverage strategic partnerships; 5) facilitate the emergence of electronic commerce over the Internet; 6) markets and customers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain borrowings under a credit line and payment of certain obligations incurred in connection with the Acquisitions, and for working capital and general corporate purposes and possible acquisitions. |