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Sunrise Telecom Incorporated
22 Great Oaks Boulevard, San Jose, CA 95119 * (408) 363-8000
Business Description The company manufacturers and markets service verification equipment to pre-qualify, verify and diagnose telecommunications and Internet networks.
Offering
Information

Company has
gone public

Trading As  SRTI (NASNTL) Industry  Manufacturing (SIC 3825)
Type of Stock Offered  Common Shares Filing Date  3/9/2000
Domestic Shares Offered  4,000,000 Offer Date  7/12/2000
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  3,800,000 Offer Price  $15.00
Selling Shrhldrs Shares  200,000 Gross Spread  $1.050
Gross Proceeds  $60,000,000 Selling  $0.630
Expenses  - - Reallowance  $0.100
Post-IPO Shares  49,580,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Chase H&Q; Lead Manager (415) 439-3626
CIBC World Markets Co-manager (212) 667-7400
U.S. Bancorp Piper Jaffray Co-manager (612) 342-6220
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 12/31/1995 12/31/1996 12/31/1997 12/31/1998 12/31/1999    
Revenues   10.674 20.174 29.064 28.535 61.465 - -
Income from Oper.   2.858 5.471 6.243 4.735 16.908 - -
Net Income   1.773 3.441 4.456 3.371 10.944 - -
E.P.S   - - 0.300 0.230 0.740 - -
Revenue Growth (%)      89.00 44.07 -1.82 115.402   -
Net Income Growth (%)      94.08 29.50 -24.35 224.65   -
Oper. Profit Margin (%)    26.78 27.12 21.48 16.59 27.51 - -
Net Profit Margin (%)    16.61 17.06 15.33 11.81 17.81 - -
Cash Flow - Oper.     10.13 - -
Cash Flow - Inv.     -6.23 - -
Cash Flow - Fin.     -0.31 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1999 Financial Ratios
Total Assets    38.27 Current Assets    28.02 Current Ratio    2.34
Total Liab.    12.80 Current Liab.    11.99 Debt Ratio    33.44%
Total Equity    25.47 Working Cap.    16.03 Debt to Equity Ratio    0.50
Cash    8.62    Return on Assets   28.60%
Use Of
Proceeds
The proceeds from the proposed offering will be used to pay down recent borrowings under a line of credit and business expansion and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Orrick, Herrington & Sutcliffe
Bank's Law Firm  Simpson, Thacher & Bartlett
Registrar/Transfer Agent  American Securities Transfer and Trust
Auditor  KPMG LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Paul Ker-Chin Chang 29.10  
Paul A. Marshall 26.50  
Robert C. Pfeiffer 14.20  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 7/23/2000 3:07:12 PM
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