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| Redback Networks, Inc. |
| 1389 Moffett Park Drive, Sunnyvale, CA 94089 * (408) 548-3500 |
| Business Description | The company is a leading provider of advanced networking solutions that enable carriers, cable multiple system operators and service providers to rapidly deploy high-speed broadband access to the Internet and corporate networks. |
| Offering Information Company has | |||
| Trading As | RBAK (NYSE) | Industry | High-Tech (SIC 3571) |
| Type of Stock Offered | Common Shares | Filing Date | 03/16/1999 |
| Domestic Shares Offered | 2,500,000 | Offer Date | 05/17/1999 |
| Foreign Shares Offered | 0 | Filing Range | $18.00 - $20.00 |
| Company Shares | 2,500,000 | Offer Price | $23.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.610 |
| Gross Proceeds | $57,500,000 | Selling | $0.970 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 21,034,119 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 0.000 | 0.048 | 5.603 | - | - |
| Income from Oper. | - | - | -0.143 | -4.547 | -9.879 | - | - |
| Net Income | - | - | -0.142 | -4.411 | -9.800 | - | - |
| E.P.S | - | - | -0.220 | -4.100 | -3.570 | - | - |
| Revenue Growth (%) | - | - | - | 11,572.917 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -6.63 | - | - | ||||
| Cash Flow - Inv. | 1.91 | - | - | ||||
| Cash Flow - Fin. | 9.83 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 14.68 | Current Assets | 11.61 | Current Ratio | 1.62 |
| Total Liab. | 8.43 | Current Liab. | 7.15 | Debt Ratio | 57.40% |
| Total Equity | 6.25 | Working Cap. | 4.46 | Debt to Equity Ratio | 1.35 |
| Cash | 8.19 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including capital expenditures and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gunderson Dettmer Stough Villeneuve Franklin |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Pricewaterhouse Coopers LLC |
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