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VINA Technologies, Inc.
42709 Lawrence Place, Fremont, CA 94538 * (510) 492-0800
Business Description The company is a leading developer of multiservice broadband access communications equipment that enables communications service providers to deliver bundled voice and data services.
Offering
Information

Company has
gone public

Trading As  VINA (NASNTL) Industry  Telecommunications (SIC 3661)
Type of Stock Offered  Common Shares Filing Date  5/5/00
Domestic Shares Offered  3,000,000 Offer Date  8/9/00
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  3,000,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.840
Gross Proceeds  $36,000,000 Selling  $0.470
Expenses  - - Reallowance  $0.100
Post-IPO Shares  31,520,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Lehman Brothers Incorporated Lead Manager (212) 526-8100
Thomas Weisel Partners LLC Co-manager (415) 364-2500
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 3 Months Ending
Figures in U.S. millions except per share data   12/31/96 12/31/97 12/31/98 12/31/99 3/31/99 3/31/00
Revenues   - 0.000 0.579 4.393 12.700 2.903 5.187
Income from Oper.   - -0.841 -4.480 -8.403 -17.299 -2.057 -7.931
Net Income   - -0.832 -4.315 -7.990 -17.076 -1.966 -7.805
E.P.S   - - -4.830 -2.630 -3.300 -0.460 -1.120
Revenue Growth (%)      - - 658.72 189.096   78.68
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -9.06 -1.13 -4.99
Cash Flow - Inv.     3.07 -2.18 -13.17
Cash Flow - Fin.     1.21 0.28 24.52
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    26.97 Current Assets    25.16 Current Ratio    4.40
Total Liab.    6.13 Current Liab.    5.72 Debt Ratio    22.71%
Total Equity    20.84 Working Cap.    19.44 Debt to Equity Ratio    0.29
Cash    8.92    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures; the acquisition of complementary businesses, products or technologies; or and expanding domestic and international sales and marketing efforts.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Pillsbury Madison & Sutro
Bank's Law Firm  Gibson, Dunn & Crutcher
Auditor  Deloitte & Touche
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Sierra Ventures V, L.P. affiliated entities 36.20  
London Pacific Assurance Limited affiliated entities 10.60  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/20/00 7:02:54 PM
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