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PLX Technology, Inc.
390 Potrero Avenue, Sunnyvale, CA 94086 * (408) 774-9060
Business Description The company is a leading developer and supplier of input/output connectivity solutions that accelerate and manage the transfer of data in high-performance embedded systems.
Offering
Information

Company has
gone public

Trading As  PLXT (NASNTL) Industry  High-Tech (SIC 3674)
Type of Stock Offered  Common Shares Filing Date  02/04/1999
Domestic Shares Offered  3,300,000 Offer Date  04/05/1999
Foreign Shares Offered  0 Filing Range  $8.00 - $9.00
Company Shares  3,300,000 Offer Price  $9.00
Selling Shrhldrs Shares  0 Gross Spread  $0.630
Gross Proceeds  $29,700,000 Selling  $0.350
Expenses  - - Reallowance  $0.100
Post-IPO Shares  21,650,551 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead Manager (212) 449-4600
Nationsbanc Montgomery Securities, Inc. Co-manager (415) 627-2100
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998    
Revenues   4.043 9.316 9.813 17.534 26.276 - -
Income from Oper.   0.049 1.016 0.893 1.991 3.383 - -
Net Income   0.071 1.049 0.891 1.924 2.766 - -
E.P.S   0.020 0.360 0.280 0.580 0.770 - -
Revenue Growth (%)      130.42 5.33 78.68 49.857   -
Net Income Growth (%)      1,377.46 -15.06 115.94 43.76   -
Oper. Profit Margin (%)    1.21 10.91 9.10 11.36 12.87 - -
Net Profit Margin (%)    1.76 11.26 9.08 10.97 10.53 - -
Cash Flow - Oper.     4.00 - -
Cash Flow - Inv.     -1.09 - -
Cash Flow - Fin.     25.63 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    11.77 Current Assets    10.12 Current Ratio    2.53
Total Liab.    4.01 Current Liab.    4.01 Debt Ratio    34.05%
Total Equity    7.76 Working Cap.    6.12 Debt to Equity Ratio    0.52
Cash    5.64    Return on Assets   23.51%
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Morrison & Foerster
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  BankBoston
Auditor  Ernst & Young
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Last updated: 09/29/1999 3:52:11 AM
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