| At Home Corporation | |||
| (www.home.net) | |||
| Ticker: | ATHM | 425 Broadway Street | |
| Exchange: | NASDAQ-National Market | Redwood City, CA 94063 | |
| Industry: | High-Tech (SIC Code 7375) | (415) 569-5000 | |
| Type of Shares: | Series A Common Shares | Filing Date: | 5/16/97 | |
| U.S. Shares: | 9,000,000 | Offer Date: | 7/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 9,000,000 | Offer Price: | $10.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.74 | |
| Offering Amount: | $72,000,000 | Selling: | $0.46 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 30,277,660 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 761-5900 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Issuer's Law Firm: | Fenwick & West |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Ernst & Young |
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: | $0.68 | $0.81 | $0.00 | Assets: | $26.88 |
| Net Income: | -$24.51 | -$10.90 | -$3.71 | Curr Assets: | |
| EPS: | Liabilities: | $19.21 | |||
| Prior EPS: | -$8.31 | -$3.13 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$19.28 | Equity: | $7.67 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of Internet services over the cable television infrastructure to consumers and businesses. The company's primary offering @Home service allows subscribers to connect their PCs to the Internet via high speed cable modems. This service enables subscribers to receive the "@Home Experience", which includes Internet service at a peak data transmission speed over 300 times faster than typical dial-up connections, "always on" availability and rich multimedia programming through an intuitive graphical user interface. The technology foundation of the @Home Experience is the company's scalable, distributed, intelligent network architecture, which optimizes traffic routing, improves security and consistency of service, and facilitates end-to-end network management, enhancing the company�s ability to address performance bottlenecks before they affect user experience. The content foundation of the @Home Experience is provided by the company's @Media division, which aggregates content, sells advertising to businesses and will provide premium services to @Home subscribers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and capital expenditures. |