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| WJ Communications, Inc. |
| 3333 Hillview Avenue, Palo Alto, CA 94304 * (650) 493-4141 |
| Business Description | The Company designs, develops and manufactures innovative broadband communications products for current and next generation fiber optic, broadband cable and wireless communications networks. |
| Offering Information Company has | |||
| Trading As | WJCI (NASNTL) | Industry | Manufacturing (SIC 3559) |
| Type of Stock Offered | Common Shares | Filing Date | 6/2/00 |
| Domestic Shares Offered | 5,400,000 | Offer Date | 8/17/00 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 5,400,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $86,400,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 54,444,996 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Chase H&Q; | Lead Manager | (415) 439-3626 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | 6/25/99 | 6/30/00 | |
| Revenues | - | 12.633 | 31.174 | 63.568 | 82.404 | 47.216 | 44.678 |
| Income from Oper. | - | -10.214 | -8.080 | 0.198 | 2.119 | 4.336 | -33.885 |
| Net Income | - | - | 32.925 | -49.208 | 67.840 | 16.391 | 5.566 |
| E.P.S | - | - | 0.130 | -0.210 | 0.350 | 0.080 | 0.080 |
| Revenue Growth (%) | - | 146.77 | 103.91 | 29.631 | -5.38 | ||
| Net Income Growth (%) | - | - | - | - | -66.04 | ||
| Oper. Profit Margin (%) | - | - | - | 0.31 | 2.57 | - | 9.18 |
| Net Profit Margin (%) | - | - | 105.62 | - | 82.33 | 12.46 | 34.71 |
| Cash Flow - Oper. | 26.40 | -21.10 | -15.45 | ||||
| Cash Flow - Inv. | 87.80 | 28.78 | 102.38 | ||||
| Cash Flow - Fin. | -2.40 | -1.29 | -205.37 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 74.11 | Current Assets | 52.86 | Current Ratio | 1.58 |
| Total Liab. | 75.44 | Current Liab. | 33.48 | Debt Ratio | 101.80% |
| Total Equity | -1.34 | Working Cap. | 19.37 | Debt to Equity Ratio | - |
| Cash | 12.63 | Return on Assets | 7.51% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay borrowings under a senior secured credit facility, for capital expenditures, strategic investments and acquisitions and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wachtell, Lipton, Rosen & Katz |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Fox Paine Capital LLC | 80.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||