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Digital Island, Inc.
353 Sacramento Street, Suite 1520, San Francisco, CA 94111 * (415) 228-4100
Business Description The company offers a leading global e-business network for companies that are using the Internet for worldwide deployment of business-critical applications.
Offering
Information

Company has
gone public

Trading As  ISLD (NASNTL) Industry  Telecommunications (SIC 4813)
Type of Stock Offered  Common Shares Filing Date  04/26/1999
Domestic Shares Offered  6,000,000 Offer Date  06/28/1999
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  6,000,000 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  $0.700
Gross Proceeds  $60,000,000 Selling  $0.400
Expenses  - - Reallowance  $0.100
Post-IPO Shares  35,465,736 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Bear, Stearns & Co. Inc. Lead Manager (212) 272-4850
Lehman Brothers Incorporated Co-manager (212) 526-8100
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 6 Months Ending
Figures in U.S. millions except per share data     09/30/1996 09/30/1997 09/30/1998 03/31/1998 03/31/1999
Revenues   - - 0.000 0.218 2.343 0.691 3.795
Income from Oper.   - - -0.026 -5.376 -16.629 -6.856 -14.615
Net Income   - - -0.027 -5.289 -16.277 -6.793 -14.360
E.P.S   - - -0.100 -3.530 -7.280 -3.070 -6.070
Revenue Growth (%)      - - - 974.771   449.20
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -15.68 -7.09 -10.40
Cash Flow - Inv.     -9.03 -2.78 -12.91
Cash Flow - Fin.     25.83 11.47 47.34
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    62.36 Current Assets    55.00 Current Ratio    5.00
Total Liab.    13.21 Current Liab.    10.99 Debt Ratio    21.18%
Total Equity    49.15 Working Cap.    44.01 Debt to Equity Ratio    0.27
Cash    50.67    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for capital expenditures and working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Brobeck, Phleger & Harrison
Bank's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Registrar/Transfer Agent  BankBoston
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 09/29/1999 3:51:08 AM
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