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Inet Technologies, Inc.
1255 West 15th Street, Suite 600, Plano, TX 75075 * (972) 578-6100
Business Description The company provides solutions that enable telecommunications carriers to more effectively design, deploy, diagnose, monitor and manage communications networks that carry signaling information used to manage telephone calls.
Offering
Information

Company has
gone public

Trading As  INTI (NASNTL) Industry  Telecommunications (SIC 3661)
Type of Stock Offered  Common Shares Filing Date  07/24/1998
Domestic Shares Offered  4,600,000 Offer Date  05/26/1999
Foreign Shares Offered  1,150,000 Filing Range  $13.00 - $15.00
Company Shares  3,841,870 Offer Price  $16.00
Selling Shrhldrs Shares  1,908,130 Gross Spread  $1.120
Gross Proceeds  $92,000,000 Selling  $0.650
Expenses  $1,250,000 Reallowance  $0.100
Post-IPO Shares  44,722,450 Employees  310
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Dain Rauscher Wessels Co-manager (612) 371-2818
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data     12/31/1995 12/31/1996 12/31/1997 06/30/1997 06/30/1998
Revenues   - - 17.531 42.041 57.701 25.090 34.165
Income from Oper.   - - - - 19.096 7.550 10.793
Net Income   - - 1.659 8.936 12.714 5.027 7.248
E.P.S   - - 0.040 0.220 0.310 0.120 0.180
Revenue Growth (%)      - - 139.81 37.249   36.17
Net Income Growth (%)      - - 438.64 42.28   44.18
Oper. Profit Margin (%)    - - - - 33.09 31.59 30.09
Net Profit Margin (%)    - - 9.46 21.26 22.03 21.21 20.04
Cash Flow - Oper.     7.73 0.98 19.16
Cash Flow - Inv.     -3.79 -1.50 -2.17
Cash Flow - Fin.     -1.29 1.01 0.11
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 06/30/1998 Financial Ratios
Total Assets    49.18 Current Assets    42.92 Current Ratio    3.51
Total Liab.    12.33 Current Liab.    12.24 Debt Ratio    25.07%
Total Equity    36.85 Working Cap.    30.68 Debt to Equity Ratio    0.33
Cash    20.48    Return on Assets   14.74%
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes, including possible acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Brobeck, Phleger & Harrison
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Ernst & Young
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Last updated: 09/29/1999 3:51:32 AM
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