| QuickLogic Corporation | |||
| Proposed Ticker: | QWIK | 1277 Orleans Drive | |
| Exchange: | NASDAQ-National Market | Sunnyvale, CA 94089 | |
| Industry: | Manufacturing (SIC Code 3764) | (408) 990-4000 | |
| Type of Shares: | Common Shares | Filing Date: | 6/9/97 | |
| U.S. Shares Filed: | 3,000,000 | Filing Range: | $11.00 - $13.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $36,000,000 | |
| Primary Shares: | 1,800,000 | Expenses: | $750,000 | |
| Secondary Shares: | 1,200,000 | Shares Out After: | 13,817,422 |
| Manager | Tier | Phone |
| Deutsche Morgan Grenfell | Lead Manager | (212) 469-5600 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| UBS Securities Inc. | Co-manager | (212) 821-4510 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Venture Law Group |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
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: | $23.76 | $6.27 | $5.15 | Assets: | $21.48 |
| Net Income: | $0.53 | -$0.95 | $0.02 | Curr Assets: | |
| EPS: | $0.04 | -$0.01 | Liabilities: | $13.42 | |
| Prior EPS: | -$1.38 | $0.47 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$4.59 | Equity: | $8.06 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, markets and supports advanced field programmable gate array semiconductors and software design tools. QuickLogic products enable designers of complex electronic systems to achieve rapid time to market by optimization tools. The company's products target complex, high-performance electronics systems in rapidly changing markets including video, graphics and imaging, telecommunications and data communications, instrumentation and test, high performance computers and military systems. The key components of the QuickLogic solution are the company's ViaLink proprietary antifuse technology and pASIC architectures, and its software design tools. The company's fabless manufacturing strategy allows the company to focus its resources on product, design, development and marketing rather than on manufacturing expenditures. The company has a foundry relationship with Cypress Semiconductor Corporation for its existing products and has entered into a memorandum of understanding with TSMC Ltd. For the production of its anticipated 0.35 (mu) CMOS products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, capital expenditures and other general corporate purposes. |