| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Carrier Access Corporation |
| 5395 Pearl Parkway, Boulder, CO 80301 * (303) 442-5455 |
| The company is a leading provider of multi-service digital access equipment to competitive telecommunications carriers, including competing local exchange carriers, Internet service providers and wireless carriers. |
| Manager | Tier | Phone |
| Deutsche Morgan Grenfell | Lead Manager | (212) 469-5600 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| UBS Securities Inc. | Co-manager | (212) 821-4510 |
| NASNTL: | CACS | Manufacturing: | SIC 3661 | |
| Type of Shares: | Common Shares | Filing Date: | 5/29/98 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 7/30/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $33,000,000 | Selling: | $0.50 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 106 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
| Auditor: | KPMG Peat Marwick |
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: | $18.72 | $7.24 | $2.50 | Assets: | $22.94 |
| Net Income: | $1.74 | $0.72 | $0.13 | Curr Assets: | $21.45 |
| EPS: | $0.10 | $0.03 | $0.01 | Liabilities: | $4.24 |
| Prior EPS: | -$0.01 | Curr Liab: | $4.24 | ||
| Cash Flow/Oper: | -$3.50 | -$0.43 | $0.32 | Equity: | $18.69 |
| Cash Flow/Fin: | $12.29 | $0.03 | $0.00 | Cash: | $6.38 |
| Cash Flow/Inv: | -$3.62 | $0.67 | -$0.07 | Working Cap: | $17.21 |
| Competition |
| The Company's existing and potential competitors include many large domestic and international companies, including certain companies that have substantially greater financial, manufacturing, technological, sales and marketing, distribution and other resources. The Company's principal competitors for its Access Bank product family include AFC, Cisco, DSC, General Datacom, Lucent, NEC, Newbridge, Nortel, Pairgain, Paradyne, Premisys, Pulsecom, Reltec, Telco and other small private companies. The Company's principal competitors for its Wide Bank product family include Alcatel, NEC, Nortel and Telco. The Company expects that many of its competitors who currently offer products competitive with only one of the Company's product lines will eventually offer products competitive with all of the Company's product lines. In addition, several start up companies have recently begun to manufacture products similar to those offered by the Company. Due to the rapidly evolving markets in which the Company competes, additional competitors with significant market presence and financial resources, including large telecommunications equipment manufacturers and computer hardware and software companies, may enter those markets, thereby further intensifying competition. Additionally, one of the Company's distributors is currently competing with the Company, and there can be no assurance that additional distributors will not begin to develop or market products in competition with the Company. |
| Business Plan |
| The Company's objective is to become the leading supplier of innovative telecommunications solutions utilized by competitive carriers to provide enhanced voice and high-speed digital access services. Key elements of the Company's strategy include the following: (I) Extend Technology Leadership, (ii) Provide End-to-End Voice and Data Solutions, (iii) Increase Penetration of Existing Competitive Carrier Customer Base, (iv) Gain Entry into New Markets, (v) Leverage Third Party Distribution Channels and (vi) Maintain Rapid Product Fulfillment and Manufacturing Efficiency. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, working capital, product development and capital expenditures. |