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NetScreen Technologies, Inc.
350 Oakmead Parkway, Sunnyvale, CA 94085 * (408) 730-6000
Business Description The company develops, markets and sells a broad family of network security systems and appliances that deliver high-performance, cost-effective security for enterprises and service providers.
Offering
Information

Company has
gone public

Trading As  NSCN (NASNTL) Industry  High-Tech (SIC 3579)
Type of Stock Offered  Common Shares Filing Date  10/5/2001
Domestic Shares Offered  10,000,000 Offer Date  12/11/2001
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  10,000,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $160,000,000 Selling  $0.670
Expenses  - - Reallowance  $0.100
Post-IPO Shares  70,016,326 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
J.P. Morgan & Co. Co-manager (212) 648-0517
UBS Warburg LLC Co-manager  
Wachovia Securities, Inc. Co-manager  
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     9/30/1998 9/30/1999 9/30/2000 6/30/2000 6/30/2001
Revenues   - - 0.665 5.871 26.584 14.340 59.227
Income from Oper.   - - -3.822 -19.810 -33.478 -21.299 -25.896
Net Income   - - -3.758 -19.730 -33.021 -21.411 -24.867
E.P.S   - - -1.220 -3.000 -2.830 -1.880 -1.700
Revenue Growth (%)      - - 782.86 352.802   313.02
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -10.04 - -
Cash Flow - Inv.     -7.45 - -
Cash Flow - Fin.     37.61 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/2001 Financial Ratios
Total Assets    44.98 Current Assets    38.25 Current Ratio    1.38
Total Liab.    4.42 Current Liab.    27.76 Debt Ratio    9.82%
Total Equity    40.56 Working Cap.    10.49 Debt to Equity Ratio    0.11
Cash    -    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes and working capital requirements. We may also use a portion of the net proceeds to fund possible investments in, or acquisitions of, complementary businesses, products or technologies.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Fenwick & West
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Sequoia Capital and affiliates 18.30  
Spectrum Equity Investors and affiliates 7.70  
Silicon Valley Equity Fund and affiliates 2.50  
Big Basin Partners L.P. and affiliates 1.40  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 12/23/2001 11:11:17 PM
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