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| Stratos Lightwave, Inc. |
| 7444 West Wilson Avenue, Chicago, IL 60706 * (708) 867-9600 |
| Business Description | The company develops, manufactures and sells optical subsystems and components for high data rate networking, data storage and telecommunication applications. |
| Offering Information Company has | ||||
| Trading As | STLW (NASNTL) | Industry | High-Tech (SIC 3674) | |
| Type of Stock Offered | Common Shares | Filing Date | 4/14/00 | |
| Domestic Shares Offered | 8,750,000 | Offer Date | 6/26/00 | |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 | |
| Company Shares | 8,750,000 | Offer Price | $21.00 | |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.470 | |
| Gross Proceeds | $183,750,000 | Selling | $0.890 | |
| Expenses | - - | Reallowance | $0.100 | |
| Post-IPO Shares | 62,780,000 | Employees | - - | |
| Spun out from: | Methode Electronics | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Fidelity Capital Markets | Co-manager | |
| Robert W. Baird & Company | Co-manager | (414) 765-3632 |
| Tucker Anthony Incorporated | Co-manager | (800) 453-8205 |
| 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 | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 4/30/95 | 4/30/96 | 4/30/97 | 4/30/98 | 4/30/99 | 1/31/99 | 1/31/00 |
| Revenues | 9.608 | 14.485 | 20.966 | 24.158 | 46.458 | 30.917 | 48.553 |
| Income from Oper. | 0.161 | 0.293 | -0.882 | -1.616 | 5.582 | 2.687 | 3.007 |
| Net Income | 0.096 | 0.176 | -0.507 | -0.858 | 3.502 | 1.687 | 2.694 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 50.76 | 44.74 | 15.22 | 92.309 | 57.04 | ||
| Net Income Growth (%) | 83.33 | - | - | - | 59.69 | ||
| Oper. Profit Margin (%) | 1.68 | 2.02 | - | - | 12.02 | 6.19 | 8.69 |
| Net Profit Margin (%) | 1.00 | 1.22 | - | - | 7.54 | 5.55 | 5.46 |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 1/31/00 | Financial Ratios | ||||
| Total Assets | 53.20 | Current Assets | 21.60 | Current Ratio | 3.58 |
| Total Liab. | 6.30 | Current Liab. | 6.04 | Debt Ratio | 11.84% |
| Total Equity | 46.90 | Working Cap. | 15.56 | Debt to Equity Ratio | 0.13 |
| Cash | 0.61 | Return on Assets | 5.06% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes and to pay the purchase price in connection with a previously completed PolyCore Technologies acquisition. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Lord, Bissell & Brook |
| Bank's Law Firm | Dewey Ballantine |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Methode Electronics | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||