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| Skydesk, Inc. |
| 3350 General Atomics Court, San Diego, CA 92121 * (858) 455-3500 |
| Business Description | The company is an application service provider focused on delivering reliable, secure, easy-to-use and cost-effective data storage and document management solutions to small and medium sized businesses and individual computer users. |
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Filing Information IPO has been | |||
| To Trade As | DESK (NASNTL) | Industry | Internet (SIC 7373) |
| Type of Stock Offered | Common Shares | Filing Date | 3/10/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $75,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| 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 | 0.000 | 0.000 | 0.063 | 0.333 | 0.567 | - | - |
| Income from Oper. | -0.028 | -0.945 | -3.682 | -5.324 | -10.946 | - | - |
| Net Income | -0.027 | -0.884 | -3.622 | -5.208 | -11.182 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 428.57 | 70.270 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -6.23 | - | - | ||||
| Cash Flow - Inv. | 14.00 | - | - | ||||
| Cash Flow - Fin. | 20.20 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 23.15 | Current Assets | 17.63 | Current Ratio | 2.76 |
| Total Liab. | 40.82 | Current Liab. | 6.39 | Debt Ratio | 176.34% |
| Total Equity | -17.67 | Working Cap. | 11.24 | Debt to Equity Ratio | - |
| Cash | 16.09 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for sales and marketing, research and development, infrastructure and support improvements, potential acquisitions and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Gray Cary Ware & Freidenrich |
| Registrar/Transfer Agent | U. S. Stock Transfer Corporation |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Entities affiliated with Enterprise Partners | 16.50 | |
| Advanced Digital Information Corporation | 13.40 | |
| Entities affiliated with Alta Embarcadero Partners, LLC | 12.40 | |
| Merrill Lynch KECALP, L.P. | 9.60 | |
| Crest Communications Partners, L.P. | 9.60 | |
| American Express Travel Related Services Company, Inc. | 9.50 | |
| EMC Corporation | 5.70 | |
| Cendant Corporation | 5.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||