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| Sitara Networks, Inc. |
| 52 Second Avenue, Waltham, MA 02451 * (781) 487-5900 |
| Business Description | The company designs, develops and markets a comprehensive, integrated suite of high-performance quality of service networking products for enterprise and communications service providers. |
|
Filing Information Not yet | |||
| To Trade As | SITA (NASNTL) | Industry | High-Tech (SIC 7373) |
| Type of Stock Offered | Common Shares | Filing Date | 11/17/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $70,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| Chase H&Q; | Co-manager | (415) 439-3626 |
| 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 | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 9/30/99 | 9/30/00 | ||
| Revenues | - | - | 0.000 | 0.175 | 0.000 | 0.000 | 2.353 |
| Income from Oper. | - | - | -4.601 | -8.126 | -12.690 | -8.180 | -26.107 |
| Net Income | - | - | -4.357 | -7.832 | -12.378 | -8.052 | -25.390 |
| E.P.S | - | - | -1.260 | -1.600 | -2.090 | -1.410 | -3.360 |
| Revenue Growth (%) | - | - | - | -100.000 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 8.67 | -6.11 | 22.00 | ||||
| Cash Flow - Inv. | -67.28 | -6.43 | -1.10 | ||||
| Cash Flow - Fin. | 20.39 | 20.46 | 23.80 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/00 | Financial Ratios | ||||
| Total Assets | 23.86 | Current Assets | 20.84 | Current Ratio | 4.29 |
| Total Liab. | 79.19 | Current Liab. | 4.85 | Debt Ratio | 331.90% |
| Total Equity | -55.33 | Working Cap. | 15.99 | Debt to Equity Ratio | - |
| Cash | 18.05 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | McDermott, Will & Emery |
| Bank's Law Firm | Hale and Dorr |
| Registrar/Transfer Agent | EquiServe |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| OneLiberty Fund III, L.P. | 13.20 | |
| Charles River Partnership VII, L.P. | 13.20 | |
| New Enterprise Associates | 11.00 | |
| FW Ventures IV, L.P. | 7.10 | |
| Prism Venture Partners I, L.P. | 5.60 | |
| Note: represents ownership of 5% or more prior to the offering. | ||