| Hall, Kinion & Associates, Inc. | |||
| Ticker: | HAKI | 5300 Stevens Creek Boulevard | |
| Exchange: | NASDAQ-National Market | San Jose, CA 95129 | |
| Industry: | Manufacturing (SIC Code 3661) | (408) 241-2100 | |
| Type of Shares: | Common Shares | Filing Date: | 6/3/97 | |
| U.S. Shares: | 2,515,000 | Offer Date: | 8/4/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,666,667 | Offer Price: | $15.00 | |
| Secondary Shares: | 848,333 | Gross Spread: | $1.05 | |
| Offering Amount: | $30,180,000 | Selling: | $0.60 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,933,579 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Robert W. Baird & Company | Co-manager | (414) 765-3632 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| Issuer's Law Firm: | Gunderson Dettmer Stough Villeneuve Franklin |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
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: | $50.57 | $19.19 | $10.30 | Assets: | $26.12 |
| Net Income: | $1.36 | $0.02 | $0.42 | Curr Assets: | |
| EPS: | $0.15 | $0.05 | Liabilities: | $19.01 | |
| Prior EPS: | $0.09 | -$1.91 | $0.04 | Curr Liabilities: | |
| Cash Flow/Oper: | -$1.57 | Equity: | $7.11 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of specialized information technology professionals on a contract and permanent basis in 14 major technology centers located throughout the United States and in London. The company provides its services primarily to high technology companies, such as software developers, computer systems manufacturers and telecommunications suppliers, primarily for use in their development of next generation products. These companies require highly skilled technical personnel in their engineering, product development and quality assurance functional areas. To meet the specialized needs of these clients, the company provides its services through distinct technology practice groups organized around specific technologies frequently used by such clients. The company believes that this specialization enables it to respond rapidly to its clients and provide leading-edge technology assignments for its IT professionals. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding indebtedness and for working capital and other general corporate purposes including possible acquisitions. |