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ONI Systems Corp.
166 Baypointe Parkway, San Jose, CA 95134 * (408) 965-2600
Business Description The company develops, markets and sells all-optical networking equipment specifically designed to address the bandwidth and service limitations of regional and metropolitan networks.
Offering
Information

Company has
gone public

Trading As  ONIS (NASNTL) Industry  Telecommunications (SIC 3661)
Type of Stock Offered  Common Shares Filing Date  3/10/00
Domestic Shares Offered  8,000,000 Offer Date  5/31/00
Foreign Shares Offered  0 Filing Range  $21.00 - $23.00
Company Shares  8,000,000 Offer Price  $25.00
Selling Shrhldrs Shares  0 Gross Spread  $1.750
Gross Proceeds  $200,000,000 Selling  $1.050
Expenses  - - Reallowance  $0.100
Post-IPO Shares  122,410,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Banc of America Securities LLC Co-manager (415) 627-2100
Chase H&Q; Co-manager (415) 439-3626
Robertson, Stephens & Company Co-manager (415) 989-8500
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     12/31/97 12/31/98 12/31/99    
Revenues   - - 0.000 1.733 3.034 - -
Income from Oper.   - - -0.198 -0.903 -43.901 - -
Net Income   - - -0.199 -8.852 -43.280 - -
E.P.S   - - -0.770 -0.740 -2.400 - -
Revenue Growth (%)      - - - 75.072   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -29.59 - -
Cash Flow - Inv.     -6.60 - -
Cash Flow - Fin.     97.12 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    100.27 Current Assets    90.61 Current Ratio    10.24
Total Liab.    9.21 Current Liab.    8.85 Debt Ratio    9.19%
Total Equity    91.06 Working Cap.    81.76 Debt to Equity Ratio    0.10
Cash    80.02    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including capital expenditures, working capital and potential acquisitions of, or investments in complementary technologies or businesses.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Fenwick & West
Bank's Law Firm  Sullivan & Cromwell
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Mohr, Davidow Ventures and affiliated 13.56  
Kleiner Perkins Caufield & Byers and affiliates 12.41  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 6/11/00 11:11:03 PM
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