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| Inrange Technologies Corporation |
| 13000 Midlantic Drive, Mt. Laurel, NJ 08054 * (856) 234-7900 |
| Business Description | The Company designs, manufactures, market and service networking and switching solutions for storage, data and telecommunications networks. |
|
Filing Information Not yet | ||||
| To Trade As | INRG (NASNTL) | Industry | Telecommunications (SIC 3663) | |
| Type of Stock Offered | Class B Common Shares | Filing Date | 6/5/00 | |
| Domestic Shares Filed | 7,700,000 | Filing Range | $14.00 - $16.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $115,500,000 | |
| Company Shares | 7,700,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 83,333,333 | |
| Being spun off from | SPX Corporation | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 218.971 | 225.669 | 200.622 | 49.158 | 46.153 |
| Income from Oper. | - | - | 31.546 | 14.798 | 24.958 | -7.381 | 5.433 |
| Net Income | - | - | 17.857 | 7.356 | 22.300 | -4.619 | 3.210 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 3.06 | -11.099 | -6.11 | ||
| Net Income Growth (%) | - | - | -58.81 | 203.15 | - | ||
| Oper. Profit Margin (%) | - | - | 14.41 | 6.56 | 12.44 | 11.77 | - |
| Net Profit Margin (%) | - | - | 8.15 | 3.26 | 11.12 | 6.96 | - |
| Cash Flow - Oper. | 13.32 | 4.10 | 5.50 | ||||
| Cash Flow - Inv. | 3.73 | -6.36 | -6.33 | ||||
| Cash Flow - Fin. | -18.23 | 2.14 | 1.41 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 134.39 | Current Assets | 84.42 | Current Ratio | 1.79 |
| Total Liab. | 50.61 | Current Liab. | 47.10 | Debt Ratio | 37.66% |
| Total Equity | 83.78 | Working Cap. | 37.32 | Debt to Equity Ratio | 0.60 |
| Cash | 1.71 | Return on Assets | 2.39% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fried, Frank, Harris, Shriver & Jacobson |
| Bank's Law Firm | Hale and Dorr |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| SPX Corporation | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||