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| Telaxis Communications Corporation |
| 20 Industrial Drive East, South Deerfield, MA 01373 * (413) 665-8551 |
| Business Description | The company develops and supplies high speed, or broadband, wireless access equipment used by network service providers to deliver integrated voice, video and data services to business and residential subscribers. |
| Offering Information Company has | |||
| Trading As | TLXS (NASNTL) | Industry | Manufacturing (SIC 3679) |
| Type of Stock Offered | Common Shares | Filing Date | 9/27/99 |
| Domestic Shares Offered | 4,000,000 | Offer Date | 2/1/00 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 4,000,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $68,000,000 | Selling | $0.710 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 | ||
| Revenues | - | - | 0.201 | 1.733 | 2.386 | 1.037 | 2.762 |
| Income from Oper. | - | - | -1.829 | -6.726 | -13.172 | -5.331 | -3.716 |
| Net Income | - | - | -2.239 | -6.712 | -11.253 | -4.751 | -3.845 |
| E.P.S | - | - | -2.070 | -7.080 | -11.440 | -4.830 | -3.870 |
| Revenue Growth (%) | - | - | 762.19 | 37.680 | 166.35 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -8.51 | -4.71 | -3.28 | ||||
| Cash Flow - Inv. | -3.69 | -2.57 | -0.75 | ||||
| Cash Flow - Fin. | 4.54 | -0.95 | 1.80 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 10.65 | Current Assets | 5.63 | Current Ratio | 0.93 |
| Total Liab. | -22.14 | Current Liab. | 6.05 | Debt Ratio | - |
| Total Equity | 32.79 | Working Cap. | -0.42 | Debt to Equity Ratio | - |
| Cash | 0.41 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Mirick, O'Connell, Demallie & Lougee LLP |
| Bank's Law Firm | Foley Hoag & Eliot |
| Auditor | Pricewaterhouse Coopers LLC |
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