| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Extended Systems Incorporated |
| 5777 North Meeker Avenue, Boise, IA 83713 * (208) 322-7575 |
| The company provides distributed and mobile computing solutions that address the needs of the virtual enterprise. The company designs, develops, markets and sells distributed connectivity products and mobile systems products. |
| Manager | Tier | Phone |
| Volpe Brown Whelan & Company | Lead Manager | (415) 274-4463 |
| Needham & Company | Co-manager | (212) 705-0344 |
| NASNTL: | XTND | High-Tech: | SIC 3577 | |
| Type of Shares: | Common Shares | Filing Date: | 12/19/97 | |
| U.S. Shares: | 1,550,000 | Offer Date: | 3/3/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 250,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $13,950,000 | Selling: | $0.30 | |
| Expenses: | $730,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 258 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Cooley Godward Castro Huddleson & Tatum |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
| Auditor: | Coopers & Lybrand |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/97 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $39.53 | $11.15 | $8.94 | Assets: | $27.24 |
| Net Income: | $2.68 | $0.64 | $0.63 | Curr Assets: | $18.83 |
| EPS: | $0.37 | $0.09 | $0.09 | Liabilities: | $12.57 |
| Prior EPS: | $0.32 | Curr Liab: | $5.00 | ||
| Cash Flow/Oper: | $2.60 | $2.13 | $1.16 | Equity: | $14.66 |
| Cash Flow/Fin: | -$0.28 | -$0.08 | -$0.01 | Cash: | $7.95 |
| Cash Flow/Inv: | -$1.43 | -$0.72 | -$0.58 | Working Cap: | $13.83 |
| Competition |
| The markets for the Company's products are intensely competitive, and are characterized by frequent new product introductions, rapidly changing technology and standards, constant price pressure and competition for distribution channels. The principal competitive factors in the Company's markets include brand-name awareness, price, product performance, reliability, breadth of product line, sales and distribution capability and technical support and service. Certain of these factors are outside the Company's control. There can be no assurance that the Company will be able to compete successfully in the future with respect to these or any other competitive factors or that competition will not have a material adverse effect on the Company's business and results of operations. |
| Business Plan |
| The Company's objective is to be a leading supplier of distributed and mobile computing solutions for the virtual enterprise. To achieve this objective, the Company has adopted the following key strategies: (I) Meet the Emerging Needs of the Virtual Enterprise, (ii) Expand and Leverage Core Technologies, (iii) Expand Distribution Channels, (iv) Increase Sales to Existing End Users and (v) Acquire Complementary Businesses, Products and Technologies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and potential acquisitions. |