| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| ISE Labs, Inc. |
| 2095 Ringwood Avenue, San Jose, CA 95131 * (408) 954-8378 |
| The company is one of the leading independent integrated circuit testing and evaluation companies in the world. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| NASNTL: | ISET | High-Tech: | SIC 3674 | |
| Type of Shares: | Common Shares | Filing Date: | 4/8/98 | |
| U.S. Shares Filed: | 6,000,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $66,000,000 | |
| Primary Shares: | 5,000,000 | Expenses: | $1,000,000 | |
| Secondary Shares: | 1,000,000 | Post-IPO Shares: | ||
| Employees: | 561 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
| Auditor: | Price Waterhouse |
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 | ||
| 10/31/97 | 1/31/98 | 1/31/97 | 1/31/98 | ||
| Revenue: | $35.53 | $20.29 | $6.20 | Assets: | $81.75 |
| Net Income: | $5.74 | $2.63 | $0.95 | Curr Assets: | $22.49 |
| EPS: | $0.33 | $0.15 | $0.05 | Liabilities: | $55.60 |
| Prior EPS: | $0.28 | Curr Liab: | $34.78 | ||
| Cash Flow/Oper: | $12.79 | $10.39 | $3.72 | Equity: | $26.15 |
| Cash Flow/Fin: | $25.45 | -$1.77 | $1.06 | Cash: | $6.08 |
| Cash Flow/Inv: | -$37.92 | $7.51 | -$4.22 | Working Cap: | -$12.28 |
| Competition |
| The Company competes in the independent semiconductor testing and packaging markets principally on the basis of engineering skills, quality, reliability, price, responsiveness and flexibility, delivery cycles and range of services available. The Company's competitors include large independent IC services providers, small independent IC testing and packaging companies offering niche services, and vertically integrated semiconductor manufacturers which have in-house testing and packaging capabilities. Large independent IC services providers with which the Company competes include Anam Industrial Co., Ltd., ASAT Limited, a subsidiary of QPL Holdings, ASE Test Limited, a subsidiary of Advanced Semiconductor Engineering, Inc., Siliconware Precision Industries Co., Ltd., ST Assembly Test Services Pte Ltd and Taiwan Semiconductor Manufacturing Company Ltd., many of which have significantly larger financial, marketing, distribution and other resources than the Company. Many of these companies have also established relationships with current or potential customers of the Company and have developed strategic relationships with third party providers of complementary semiconductor services to enlarge their businesses. The Company may be at a competitive disadvantage with such competitors that have fostered such relationships if the Company does not continue to develop such strategic relationships in the future. The small independent IC testing and packaging companies with which the Company competes generally offer a limited range of services and typically compete on the basis of price. Vertically integrated semiconductor manufacturers that are customers of the Company continuously evaluate the Company's services against developing or using their own in-house capabilities, and most of these customers also obtain testing services from other sources. Vertically integrated customers may have more advanced testing technologies and typically have greater financial, marketing, distribution and other resources than the Company. |
| Business Plan |
| The Company's strategy is to become the leading independent provider of IC testing and evaluation services in the world. The principal components of the Company's strategy to achieve this objective are: (I) Maintain Technological Leadership, (ii) Provide Broadest Range of Services, (iii) Leverage Strong Relationships with Diversified Customer Base, (iv) Expand Capacity Worldwide and (v) Focus on Testing Complex, High-Performance Logic ICs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of bank indebtedness, capital expenditures and general corporate purposes including working capital. |