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| Latitude Communications, Inc. |
| 2121 Tasman Drive, Santa Clara, CA 95054 * (408) 988-7200 |
| Business Description | The company is a leading provider of integrated voice and data conferencing solutions for geographically dispersed organizations. The company develops, markets and supports "MeetingPlace" system, which allows companies to conduct virtual meetings and thereby extend real-time decision making processes irrespective of the geographic location of participants. |
| Offering Information Company has | |||
| Trading As | LATD (NASNTL) | Industry | Wholesale (SIC 5045) |
| Type of Stock Offered | Common Shares | Filing Date | 02/25/1999 |
| Domestic Shares Offered | 3,000,000 | Offer Date | 05/06/1999 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 3,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $36,000,000 | Selling | $0.500 |
| Expenses | $1,000,000 | Reallowance | $0.100 |
| Post-IPO Shares | 18,581,657 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| 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 | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | |||
| Revenues | - | 1.625 | 6.046 | 12.932 | 21.051 | - | - |
| Income from Oper. | - | -8.822 | -4.390 | -2.206 | 0.778 | - | - |
| Net Income | - | -8.547 | -4.252 | -2.229 | 0.703 | - | - |
| E.P.S | - | - | -2.020 | -0.780 | 0.210 | - | - |
| Revenue Growth (%) | - | 272.06 | 113.89 | 62.782 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 3.70 | - | - |
| Net Profit Margin (%) | - | - | - | - | 3.34 | - | - |
| Cash Flow - Oper. | 1.04 | - | - | ||||
| Cash Flow - Inv. | -0.78 | - | - | ||||
| Cash Flow - Fin. | 0.14 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 11.87 | Current Assets | 10.72 | Current Ratio | 1.72 |
| Total Liab. | 7.09 | Current Liab. | 6.25 | Debt Ratio | 59.69% |
| Total Equity | 4.79 | Working Cap. | 4.47 | Debt to Equity Ratio | 1.48 |
| Cash | 3.98 | Return on Assets | 5.92% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital, capital expenditures, geographic expansion and additional sales and marketing efforts. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Venture Law Group |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | U. S. Stock Transfer Corporation |
| Auditor | Pricewaterhouse Coopers LLC |
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