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| Virata Corporation |
| 2933 Bunker Hill Lane, Suite 201, Santa Clara, CA 95054 * (408) 566-1000 |
| Business Description | The company provides communications processors which are combined with a comprehensive suite of software for digital subscriber line equipment manufacturers. |
| Offering Information Company has | |||
| Trading As | VRTA (NASNTL) | Industry | High-Tech (SIC 3674) |
| Type of Stock Offered | Common Shares | Filing Date | 09/03/1999 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 11/16/1999 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 5,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $70,000,000 | Selling | $0.600 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 19,472,200 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| 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 | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 03/31/1997 | 03/31/1998 | 03/31/1999 | 06/30/1998 | 06/30/1999 | ||
| Revenues | - | - | 6.953 | 8.931 | 9.256 | 2.764 | 2.665 |
| Income from Oper. | - | - | -8.667 | -10.106 | -18.751 | -0.953 | -3.443 |
| Net Income | - | - | -8.540 | -10.278 | -17.157 | -0.943 | -3.015 |
| E.P.S | - | - | -0.800 | -0.900 | -1.330 | -0.080 | -0.230 |
| Revenue Growth (%) | - | - | 28.45 | 3.639 | -3.58 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -9.56 | -0.76 | -2.41 | ||||
| Cash Flow - Inv. | -8.24 | -0.69 | 0.95 | ||||
| Cash Flow - Fin. | 25.49 | 25.09 | -0.05 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 16.31 | Current Assets | 10.89 | Current Ratio | 1.91 |
| Total Liab. | 6.70 | Current Liab. | 5.71 | Debt Ratio | 41.08% |
| Total Equity | 9.61 | Working Cap. | 5.18 | Debt to Equity Ratio | 0.70 |
| Cash | 6.51 | 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 and sales and marketing efforts. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gibson, Dunn & Crutcher |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Auditor | Pricewaterhouse Coopers LLC |
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