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| InternetConnect, Inc. |
| 4499 Glencoe Avenue, Marina del Rey, CA 90292 * (800) 896-7467 |
| Business Description | The company is a leading provider of broadband networking solutions to small and medium sized businesses. |
|
Filing Information IPO has been | |||
| To Trade As | INCN (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 4/27/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| 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 | - | - | 0.173 | 0.434 | 2.265 | - | - |
| Income from Oper. | - | - | -0.186 | -0.436 | -25.246 | - | - |
| Net Income | - | - | -0.199 | -0.477 | -25.344 | - | - |
| E.P.S | - | - | -0.020 | -0.050 | -3.980 | - | - |
| Revenue Growth (%) | - | - | 150.87 | 421.889 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -8.51 | - | - | ||||
| Cash Flow - Inv. | -1.53 | - | - | ||||
| Cash Flow - Fin. | 20.72 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 22.65 | Current Assets | 19.09 | Current Ratio | 1.63 |
| Total Liab. | 34.01 | Current Liab. | 11.72 | Debt Ratio | 150.15% |
| Total Equity | -11.36 | Working Cap. | 7.38 | Debt to Equity Ratio | - |
| Cash | 10.76 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for sales and marketing, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkpatrick & Lockhart |
| Bank's Law Firm | Gibson, Dunn & Crutcher |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Crosspoint Venture Partners 1999, L.P. | 28.50 | |
| Spectrum Equity Investors III, L.P. | 26.60 | |
| Cabletron Systems, Inc. | 7.10 | |
| Note: represents ownership of 5% or more prior to the offering. | ||