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| Interspeed, Inc. |
| 29 High Street, North Andover, MA 01845 * (978) 688-6164 |
| Business Description | The company designs, develops and markets advanced high-speed data communications solutions based on digital subscriber line, or DSL, technology. |
| Offering Information Company has | |||
| Trading As | ISPD (NASNTL) | Industry | Telecommunications (SIC 3661) |
| Type of Stock Offered | Common Shares | Filing Date | 06/18/1999 |
| Domestic Shares Offered | 3,500,000 | Offer Date | 09/23/1999 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 2,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 1,500,000 | Gross Spread | $0.840 |
| Gross Proceeds | $42,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 10,018,100 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| U.S. Bancorp Piper Jaffray | Lead Manager | (612) 342-6220 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Tucker Anthony Cleary Gull | Co-manager | (800) 453-8205 |
| Warburg Dillon Read LLC | Co-manager | (203) 719-4290 |
| 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 | 09/30/1997 | 09/30/1998 | 03/31/1998 | 03/31/1999 | |||
| Revenues | - | - | - | 0.000 | 0.000 | 0.000 | 0.391 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | -1.043 | -4.313 | -1.909 | -3.426 |
| E.P.S | - | - | - | -0.240 | -0.540 | -0.240 | -0.430 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -4.35 | -1.65 | -2.78 | ||||
| Cash Flow - Inv. | -0.37 | -0.21 | -0.42 | ||||
| Cash Flow - Fin. | 4.83 | 1.85 | 3.13 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 1.78 | Current Assets | 1.16 | Current Ratio | 0.92 |
| Total Liab. | 9.44 | Current Liab. | 1.26 | Debt Ratio | 530.52% |
| Total Equity | -7.66 | Working Cap. | -0.10 | Debt to Equity Ratio | - |
| Cash | 0.06 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital, research and development and expansion of sales and marketing activities. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Goodwin Procter & Hoar |
| Bank's Law Firm | Testa, Hurwitz & Thibeault |
| Auditor | Deloitte & Touche |
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