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| Agere Systems, Inc. |
| 555 Union Boulevard, Allentown, PA 18109 * (610) 712-4323 |
| Business Description | The company is the world leader in sales of communications semiconductors, which include both optoelectronic components and integrated circuits. |
| Offering Information Company has | ||||
| Trading As | AGR (NYSE) | Industry | High-Tech (SIC 3674) | |
| Type of Stock Offered | Common Shares | Filing Date | 12/11/2000 | |
| Domestic Shares Offered | 600,000,000 | Offer Date | 3/27/2001 | |
| Foreign Shares Offered | 0 | Filing Range | $6.00 - $7.00 | |
| Company Shares | 600,000,000 | Offer Price | $6.00 | |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.234 | |
| Gross Proceeds | $3,600,000,000 | Selling | $0.150 | |
| Expenses | - - | Reallowance | - - | |
| Post-IPO Shares | - - | Employees | - - | |
| Spun out from: | Lucent Technologies | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| ABN Amro Roth | Co-manager | (212) 314-1080 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Blaylock & Partners, L.P. | Co-manager | |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| SG Cowen | Co-manager | (212) 495-6000 |
| 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 | 9/30/1998 | 9/30/1999 | 9/30/2000 | ||||
| Revenues | - | - | 3,101.000 | 3,714.000 | 4,708.000 | - | - |
| Income from Oper. | - | - | 467.000 | 479.000 | 156.000 | - | - |
| Net Income | - | - | 303.000 | 351.000 | -76.000 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 19.77 | 26.764 | - | ||
| Net Income Growth (%) | - | - | 15.84 | - | - | ||
| Oper. Profit Margin (%) | - | - | 15.06 | 12.90 | 3.31 | - | - |
| Net Profit Margin (%) | - | - | 9.77 | 9.45 | - | - | - |
| Cash Flow - Oper. | 762.00 | - | - | ||||
| Cash Flow - Inv. | -829.00 | - | - | ||||
| Cash Flow - Fin. | 67.00 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/2000 | Financial Ratios | ||||
| Total Assets | 7.07 | Current Assets | 1.40 | Current Ratio | 1.44 |
| Total Liab. | 1.29 | Current Liab. | 0.98 | Debt Ratio | 18.20% |
| Total Equity | 5.78 | Working Cap. | 0.43 | Debt to Equity Ratio | 0.22 |
| Cash | 0.70 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Cravath, Swaine & Moore |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Registrar/Transfer Agent | Bank of New York |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Lucent Technologies | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||