| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Ziff-Davis, Inc. |
| One Park Avenue, New York, NY 10016 * (212) 503-3500 |
| The company is the world's preeminent integrated media and marketing company focused on computing and Internet-related technology, with principal platforms in print publishing, trade shows and conferences, online content, market research and education. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| NYSE: | ZD | Manufacturing: | SIC 2721 | |
| Type of Shares: | Common Shares | Filing Date: | 2/18/98 | |
| U.S. Shares: | 20,640,000 | Offer Date: | 4/28/98 | |
| Non-U.S. Shares: | 5,160,000 | Filing Range: | $14.00 - $17.00 | |
| Primary Shares: | 25,800,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $399,900,000 | Selling: | $0.46 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 3698 |
| Issuer's Law Firm: | Sullivan & Cromwell |
| Bank's Law Firm: | Davis, Polk & Wardwell |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $1,153.76 | Assets: | $3,546.65 | ||
| Net Income: | -$71.18 | Curr Assets: | $447.45 | ||
| EPS: | Liabilities: | $3,420.52 | |||
| Prior EPS: | Curr Liab: | $818.59 | |||
| Cash Flow/Oper: | -$3.36 | Equity: | $126.13 | ||
| Cash Flow/Fin: | $47.95 | Cash: | $30.30 | ||
| Cash Flow/Inv: | -$44.20 | Working Cap: | -$371.14 | ||
| Competition |
| The Company faces significant competition with respect to its print publications, trade shows and conferences and other technology information services. In its publishing business, the Company principally competes for advertising and circulation revenue with publishers of other computer technology publications. In addition, the Company faces broad competition from media companies that produce magazines, newspapers and online content. Overall competitive factors include product positioning, editorial quality, circulation, price and customer service. Competition for advertising dollars is primarily based on advertising rates, the nature and scope of readership, reader response to advertisers' products and services and the effectiveness of sales teams. In its trade show and conference business, the Company competes with other producers of trade shows and conferences for exhibition space, exhibitors and attendees, primarily on the basis of the quality of the conference, its content and organizational efficiency. If the Company is unable to compete effectively for advertisers, readers, exhibitors and/or attendees, its financial condition and results of operations could be adversely affected. |
| Business Plan |
| The Company's objective is to be the preferred marketing partner to technology vendors and service providers seeking to reach primary decision- makers involved in the specification and purchase of their products and services. Major elements of the Company's strategy include: (I) Maintain Focus on the Computer and Internet Technology Markets, (ii) Develop the Most Comprehensive, Objective and Authoritative Content, (iii) Build Upon Brand Strength of Existing Media Properties, (iv) Continue to Leverage Multiple Media Marketing Platforms, (v) Expand Leadership on the Internet and (vi) Launch New Products and Services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to complete the purchase of the MAC Assets and repay intercompany indebtedness. |