| Globecomm Systems, Inc. | |||
| Ticker: | GCOM | 375 Oser Avenue | |
| Exchange: | NASDAQ-National Market | Hauppauge, NY 11788 | |
| Industry: | Manufacturing (SIC Code 3663) | (516) 231-9800 | |
| Type of Shares: | Common Shares | Filing Date: | 2/27/97 | |
| U.S. Shares: | 2,750,000 | Offer Date: | 8/7/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $30,250,000 | Selling: | $0.40 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Unterberg Harris | Co-manager | (212) 572-8060 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Shearman & Sterling |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $13.48 | $13.31 | $7.32 | Assets: | $24.41 |
| Net Income: | -$2.25 | -$0.89 | -$0.52 | Curr Assets: | |
| EPS: | Liabilities: | $8.32 | |||
| Prior EPS: | -$0.97 | -$1.70 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$2.51 | Equity: | $16.09 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, assembles and installs satellite ground segment systems and networks which support a wide range of satellite communications applications, including fixed, mobile and direct broadcast services as well as certain military applications. The company's customers include prime communications infrastructure contractors, government-owned postal, telephone and telegraph providers, other telecommunications carriers, producers and distributors of news and entertainment content and other corporations. The company's ground segment systems typically consist of an earth station, which is an integrated system designed to transmit and receive signals to and from satellites, together ancillary subsystems. The company's ground segment networks are typically comprised of two or more ground segment systems communicating with a satellite and interconnected with a terrestrial network. Since the company commenced operations in August 1994, it has completed the installation of 35 ground segment systems and networks for 24 customers in 18 countries. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, expansion of infrastructure and general corporate purposes. |