| PSW Technologies, Inc. | |||
| (www.pswtech.com) | |||
| Ticker: | PSWT | 6300 Bridgepoint Parkway, Building 3, Suite 200 | |
| Exchange: | NASDAQ-National Market | Austin, TX 78730 | |
| Industry: | High-Tech (SIC Code 7373) | (512) 343-6666 | |
| Type of Shares: | Common Shares | Filing Date: | 2/11/97 | |
| U.S. Shares: | 2,850,000 | Offer Date: | 6/5/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,850,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $37,050,000 | Selling: | $0.36 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,396,463 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 895-2700 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Piper & Marbury |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $31.27 | Assets: | $11.94 | ||
| Net Income: | $0.72 | Curr Assets: | |||
| EPS: | $0.10 | Liabilities: | $8.50 | ||
| Prior EPS: | $0.19 | Curr Liabilities: | |||
| Cash Flow/Oper: | $2.14 | Equity: | $3.44 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a software services firm that provides high value solutions to technology vendors and business end-users by mastering and applying critical emerging technologies. These critical technologies include distributed computing, object-oriented development, advanced operating systems and systems management technologies. The company conducts its business through its two business units: the Software Technology Unit and the Business Systems Unit. The company's Software Technology Unit provides joint project-based development, porting and testing services to selected technology vendor clients. The company services enable these companies to improve the quality and speed to market of their products which, the company believes, often result in an earlier flow of revenue and increased revenues over the long term for such technology vendor clients. The company's services also enable these clients to focus on their core competencies, limit their permanent headcount and relieve temporary workload spikes. The company targets companies that are developing technologies which it believes will be important to, and likely to be widely deployed by, its current and potential business end-user clients. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness, to pay certain corporate income tax obligations of the company and to pay dividends to existing stockholders of the company, and for working capital and for general corporate purposes. |