| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Broadcast.Com, Inc. |
| 2914 Taylor Street, Dallas, TX 75226 * (214) 748-6660 |
| The company is the leading integrator and broadcaster of streaming media programming on the Web with the network infrastructure and expertise to deliver or "stream" hundreds of live and on-demand audio and video programs over the Internet. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| NASNTL: | BCST | Internet: | SIC 7375 | |
| Type of Shares: | Common Shares | Filing Date: | 5/15/98 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.26 | |
| Offering Amount: | $37,500,000 | Selling: | $0.76 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 16,900,000 | |||
| Employees: | 170 |
| Issuer's Law Firm: | Gibson, Dunn & Crutcher |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| 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 | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $6.86 | $3.18 | $1.09 | Assets: | $30.13 |
| Net Income: | -$6.47 | -$2.72 | -$1.06 | Curr Assets: | $26.28 |
| EPS: | -$0.55 | -$0.18 | -$0.09 | Liabilities: | $1.83 |
| Prior EPS: | -$0.31 | Curr Liab: | $1.83 | ||
| Cash Flow/Oper: | -$6.62 | -$1.79 | -$1.20 | Equity: | $28.31 |
| Cash Flow/Fin: | $26.06 | $3.84 | $3.66 | Cash: | $22.40 |
| Cash Flow/Inv: | -$2.69 | -$0.98 | -$0.69 | Working Cap: | $24.46 |
| Competition |
| The market for Internet broadcasting and services is highly competitive and the Company expects that competition will continue to intensify. The Company competes with (i) other Web sites and Internet broadcasters to acquire and provide content to attract users, (ii) videoconferencing companies, audio conferencing companies and Internet broadcasters, (iii) online services, other Web site operators and advertising networks, as well as traditional media such as television, radio and print, for a share of advertisers' total advertising budgets and (iv) local radio and television stations and national radio and television networks for sales of advertising spots. There can be no assurance that the Company will be able to compete successfully or that the competitive pressures faced by the Company, including those described below, will not have a material adverse effect on the Company's business, results of operations and financial condition. |
| Business Plan |
| The Company's objective is to enhance its leadership position in Internet broadcasting by aggregating comprehensive audio and video programming, preferably on an exclusive basis, and providing services enabling the delivery of a broad range of streaming media content over the Internet. Key elements of the Company's strategy include the following: (I) Enhance and Expand Exclusive Content Offerings, (ii) Further Penetrate the Business Services Market, (iii) Expan Network Infrastructure, (iv) Enhance Brand Awareness and (v) Capture and Develop Emerging Revenue Opportunities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures, working capital and strategic acquisitions. |