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MicroStrategy, Inc.
8000 Towers Crescent Drive, Vienna, VA 22182 * (703) 848-8600

The company is a leading worldwide provider of enterprise decision support system software and related services.

Primary Underwriting Group
ManagerTierPhone
Merrill Lynch & Co.Lead Manager (212) 449-4600
Hambrecht & Quist IncorporatedCo-manager (415) 439-3626

Offering Information
NASNTL:MSTR High-Tech: SIC 7372
Type of Shares:Class A Common Shares Filing Date:4/10/98
U.S. Shares:4,000,000 Offer Date:6/10/98
Non-U.S. Shares:0 Filing Range:$8.00 - $10.00
Primary Shares:4,000,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.84
Offering Amount: $36,000,000 Selling:$0.50
Expenses: - Reallowance:$0.10
Post-IPO Shares: -
Employees:590

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Latham & Watkins
Bank's Law Firm: Ropes & Gray
Auditor: Coopers & Lybrand

Selected Financial Data

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:$53.56Assets:$30.07
Net Income:$0.12Curr Assets:$21.03
EPS:$0.00Liabilities:$30.49
Prior EPS:-$0.08Curr Liab:$26.79
Cash Flow/Oper:$4.96Equity:-$0.43
Cash Flow/Fin:$4.58Cash:$3.51
Cash Flow/Inv:-$7.88Working Cap:-$5.76

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including working capital, capital expenditures, debt repayment and possible acquisitions or investments.

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