| Concentric Network Corporation | |||
| (www.concentric.com) | |||
| Ticker: | CNCX | 10590 North Tantau Avenue | |
| Exchange: | NASDAQ-National Market | Cupertino, CA 95014 | |
| Industry: | High-Tech (SIC Code 4813) | (408) 342-2800 | |
| Type of Shares: | Common Shares | Filing Date: | 5/16/97 | |
| U.S. Shares: | 4,300,000 | Offer Date: | 7/31/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,300,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $47,300,000 | Selling: | $0.50 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,700,769 |
| Manager | Tier | Phone |
| UBS Securities Inc. | Lead Manager | (212) 821-4510 |
| Unterberg Harris | Co-manager | (212) 572-8060 |
| Wheat First Butcher & Singer Capital Markets | Co-manager | (804) 782-3278 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $15.65 | $9.15 | $1.53 | Assets: | $61.44 |
| Net Income: | -$66.38 | -$14.68 | -$10.38 | Curr Assets: | |
| EPS: | -$13.84 | -$2.24 | Liabilities: | $72.06 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | -$10.62 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides tailored, value-added Internet Protocol network services for businesses and consumers. To provide these services, the company utilizes its low/fixed latency, high throughput network, employing its advanced network and the Internet. The company�s service offerings for enterprises include virtual private networks, dedicated access facilitates and WEB hosting services. These services enable enterprises to take advantage of standard Internet tool such as browsers and high-performance servers for customized data communications within an enterprise and between an enterprise and its suppliers, partners and customers. These services combine the cost advantages, nationwide access and standard protocols of public networks with the customization, high performance, reliability and security of private networks. Among the current enterprise customers are Acer America Corporation, Inc., Intuit, Inc., Total Entertainment Network, WebTV Networks, Inc. and Ziff-Davis Publishing Co. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion of network and data center operations, to fund operating losses and for working capital and other general corporate purposes. |