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| Gadzoox Networks, Inc. |
| 5850 Hellyer Avenue, San Jose, CA 95138 * (408) 360-4950 |
| Business Description | Gadzoox Networks is a leading provider of hardware and software products for storage area networks, or SANs. We pioneered the development of SANs by applying a networking model to the connectivity of enterprise servers and storage devices. Our SAN products are designed to capitalize on the capabilities of fibre channel technology to enable companies to more effectively manage the growth of mission-critical data. |
| Offering Information Company has | |||
| Trading As | ZOOX (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 05/07/1999 |
| Domestic Shares Offered | 3,500,000 | Offer Date | 07/19/1999 |
| Foreign Shares Offered | 0 | Filing Range | $18.00 - $20.00 |
| Company Shares | 3,500,000 | Offer Price | $21.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.470 |
| Gross Proceeds | $73,500,000 | Selling | $0.880 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 24,587,393 | Employees | 149 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Morgan Keegan & Company, Incorporated | Co-manager | (901) 529-5357 |
| 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 | 03/31/1997 | 03/31/1998 | 03/31/1999 | ||||
| Revenues | - | - | 0.823 | 9.811 | 24.821 | - | - |
| Income from Oper. | - | - | -3.856 | -10.013 | -15.706 | - | - |
| Net Income | - | - | -2.089 | -9.640 | -15.932 | - | - |
| E.P.S | - | - | -0.590 | -2.410 | -3.330 | - | - |
| Revenue Growth (%) | - | - | 1,092.10 | 152.992 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -15.72 | - | - | ||||
| Cash Flow - Inv. | -1.60 | - | - | ||||
| Cash Flow - Fin. | 24.89 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 28.60 | Current Assets | 23.79 | Current Ratio | 3.02 |
| Total Liab. | 22.94 | Current Liab. | 7.88 | Debt Ratio | 80.21% |
| Total Equity | 5.66 | Working Cap. | 15.91 | Debt to Equity Ratio | 4.05 |
| Cash | 12.20 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and general corporate purposes, including expenditures for research and development of new products, sales channel development and other corporate purposes. In addition, we may use a portion of the net proceeds to acquire businesses, products or technologies that are complementary to our current or future business and product lines. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Morrison & Foerster |
| Registrar/Transfer Agent | BankBoston |
| Auditor | Arthur Andersen |
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