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| GlobeSpan, Inc. |
| 100 Schulz Drive, Red Bank, NJ 07701 * (732) 345-7500 |
| Business Description | The company is a leading worldwide developer of advanced digital subscriber line integrated circuits which enable high-speed data transmission over the existing network of copper telephone wires known as the local loop. |
| Offering Information Company has | |||
| Trading As | GSPN (NASNTL) | Industry | High-Tech (SIC 3674) |
| Type of Stock Offered | Common Shares | Filing Date | 03/29/1999 |
| Domestic Shares Offered | 3,250,000 | Offer Date | 06/22/1999 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 3,250,000 | Offer Price | $15.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.050 |
| Gross Proceeds | $48,750,000 | Selling | $0.630 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 17,416,573 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BancBoston Robertson Stephens | Lead Manager | (415) 989-8500 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| E*Trade Securities | Co-manager | (650) 842-8600 |
| SG Cowen | Co-manager | (212) 495-6000 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| 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 | 0.380 | 1.695 | 3.957 | 22.546 | 31.464 | - | - |
| Income from Oper. | -4.845 | 0.435 | -3.219 | 1.051 | -7.912 | - | - |
| Net Income | -4.845 | 0.435 | -3.219 | 0.842 | -7.829 | - | - |
| E.P.S | - | - | - | 0.070 | -0.650 | - | - |
| Revenue Growth (%) | 346.05 | 133.45 | 469.78 | 39.555 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | 25.66 | - | 4.66 | - | - | - |
| Net Profit Margin (%) | - | 25.66 | - | 3.73 | - | - | - |
| 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 | 13.43 | Current Assets | - | Current Ratio | - |
| Total Liab. | 14.72 | Current Liab. | - | Debt Ratio | 109.63% |
| Total Equity | -1.29 | Working Cap. | - | Debt to Equity Ratio | - |
| Cash | 0.00 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital, repayment of certain indebtedness, potential acquisitions of technology or businesses and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Villeneuve Franklin & Hachigian, LLP |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Auditor | Pricewaterhouse Coopers LLC |
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