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| High Speed Access Corp. |
| 4100 East Mississippi Avenue, Denver, CO 80246 * (303) 256-2000 |
| Business Description | The company is a leading provider of high speed Internet access via cable modem to residential and commercial end users in ex-urban areas. |
| Offering Information Company has | |||
| Trading As | HSAC (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 03/19/1999 |
| Domestic Shares Offered | 13,000,000 | Offer Date | 06/03/1999 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 13,000,000 | Offer Price | $13.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.875 |
| Gross Proceeds | $169,000,000 | Selling | $0.530 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 51,932,900 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| 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 | 12/31/1998 | ||||||
| Revenues | - | - | - | - | 0.450 | - | - |
| Income from Oper. | - | - | - | - | -11.964 | - | - |
| Net Income | - | - | - | - | -11.923 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 27.50 | Current Assets | 18.90 | Current Ratio | 4.81 |
| Total Liab. | 4.68 | Current Liab. | 3.93 | Debt Ratio | 17.02% |
| Total Equity | 22.82 | Working Cap. | 14.97 | Debt to Equity Ratio | 0.21 |
| Cash | 17.89 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures to be incurred in the deployment of services, to fund operating losses, for working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Weil, Gotshal & Manges |
| Auditor | Pricewaterhouse Coopers LLC |
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