| Synon Corporation | |||
| Proposed Ticker: | SYNO | 1100 Larkspur Landing Circle | |
| Exchange: | NASDAQ-National Market | Larkspur, CA 94939 | |
| Industry: | High-Tech (SIC Code 7372) | (415) 461-5000 | |
| Type of Shares: | Common Shares | Filing Date: | 5/28/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $46,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Volpe, Welty & Company | Co-manager | (415) 274-4463 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Cleary, Gottlieb, Steen & Hamilton |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
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: | $76.13 | $18.47 | $17.02 | Assets: | $35.06 |
| Net Income: | $1.14 | $0.06 | -$0.56 | Curr Assets: | |
| EPS: | $0.14 | $0.01 | -$0.15 | Liabilities: | $30.32 |
| Prior EPS: | $0.09 | $2.72 | $1.39 | Curr Liabilities: | |
| Cash Flow/Oper: | $3.52 | Equity: | $4.75 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of enterprise software application development tools and related professional services designed to enable organizations to rapidly design and deploy mission-critical software applications. The company is a leading provider of enterprise software application development tools and related professional services designed to enable organizations to rapidly design and deploy mission-critical software applications. Over the last 14 years the company has established the leading market position for International Business Machines Corporation AS/400 software development tools, having sold approximately 6,000 to customers located in a[approximately 80 countries. In late 1994, the company introduced Obsydian, a multi-platform software application development tool designed to expand the company's presence in the AS/400 market. In order to capitalize on the growth of the Microsoft Corporation Enterprise Windows NT computing environment, in March 1997, the company released the Obsydian for Windows NT Back Office Generator. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes. |