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| VCON Telecommunications Ltd. |
| 22 Maskit Street, Herzliya, Israel 46733 |
| Business Description | The company develops, manufacturers and markets high-performance, multi-function desktop and group videoconferencing systems designed for a variety of communication networks. |
|
Filing Information IPO has been | |||
| To Trade As | VCON (NASNTL) | Industry | High-Tech (SIC 7373) |
| Type of Stock Offered | Ordinary Shares | Filing Date | 2/15/00 |
| Domestic Shares Filed | 3,000,000 | Filing Price | $18.50 |
| Foreign Shares Filed | 0 | Offering Amount | $55,500,000 |
| Company Shares | 2,650,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 350,000 | Post-IPO Shares | 12,736,306 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| C.E. Unterberg, Towbin | Co-manager | (212) 572-8060 |
| Wit SoundView | Co-manager |
| 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 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | ||
| Revenues | 0.674 | 5.213 | 9.484 | 17.073 | 27.077 | - | - |
| Income from Oper. | -4.040 | -3.829 | -5.088 | -6.300 | -8.977 | - | - |
| Net Income | -4.120 | -3.839 | -5.025 | -6.620 | -9.195 | - | - |
| E.P.S | -2.470 | -1.380 | -1.620 | -1.170 | -1.050 | - | - |
| Revenue Growth (%) | 673.44 | 81.93 | 80.02 | 58.595 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 27.99 | Current Assets | - | Current Ratio | - |
| Total Liab. | 13.10 | Current Liab. | - | Debt Ratio | 46.80% |
| Total Equity | 14.89 | Working Cap. | 16.91 | Debt to Equity Ratio | 0.88 |
| Cash | 6.29 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to increase sales and marketing activities and capabilities, for research and development, for working capital to support the growth of the business and for other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fulbright & Jaworski |
| Bank's Law Firm | Weil, Gotshal & Manges |
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