| Corsair Communications, Inc. | |||
| Ticker: | CAIR | 3408 Hill View Avenue | |
| Exchange: | NASDAQ-National Market | Palo Alto, CA 94304 | |
| Industry: | Manufacturing (SIC Code 3663) | (415) 842-3300 | |
| Type of Shares: | Common Shares | Filing Date: | 6/4/97 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $32,500,000 | Selling: | $0.60 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,810,314 |
| Manager | Tier | Phone |
| Deutsche Morgan Grenfell | Lead Manager | (212) 469-5600 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6105 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | Bank of Boston |
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: | $19.61 | $9.10 | $0.15 | Assets: | $38.59 |
| Net Income: | -$12.76 | -$0.31 | -$12.76 | Curr Assets: | |
| EPS: | Liabilities: | $20.35 | |||
| Prior EPS: | -$5.96 | -$3.46 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$13.49 | Equity: | $18.25 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides an open architecture hardware and software system that can serve as a platform for the delivery of multiple products and services to the wireless telecommunications industry. The genesis for the platform is PhonePrint, a system that has proven highly effective in reducing cloning fraud. The PhonePrint system has prevented over 100 million fraudulent call attempts and some customers have reported up to 90% reduction in cloning fraud losses after deploying PhonePrint. In addition to providing cloning fraud prevention, the company's platform is designed to support a broad range of products and services for the wireless telecommunications industry, including churn reduction and phone location products. The company believes that new products can be integrated with certain hardware and software designs and components of its open, scaleable platform, which can provide a number of benefits to wireless telecommunications carriers, including accelerated development and deployment, reduced costs, efficient use of cell site space and improved customer service. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, general corporate purposes and potentially to repay certain indebtedness and for acquisitions. |