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Technology Stocks : COM21 (CMTO)

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To: Robert Sheldon who wrote (548)6/11/1999 4:57:00 PM
From: pat mudge  Read Replies (2) of 2347
 
More SEC documents re: HSA's IPO:

sec.gov

SALE OF SHARES TO CISCO, COM21 AND MICROSOFT
Cisco, Com21 and Microsoft have each agreed to purchase shares of our common stock concurrently with the offering. Cisco and Com21 are two of our major equipment suppliers, and we recently entered into a strategic marketing relationship with Microsoft. Each of them will purchase shares at the initial public offering price per share, net of the underwriting discount. In addition, each has represented that it will be purchasing such shares for investment and not with a view to resale, and has agreed to a 180-day lock-up following the completion of the offering. The aggregate purchase prices they will pay and the numbers of shares of our common stock they will purchase at a price of $12.125 per share, are as follows:
INVESTMENT SHARES
----------- ---------
<S> <C> <C>
Cisco....................................................... $ 7,500,000 618,557
Com21....................................................... $ 1,000,000 82,474
Microsoft................................................... $10,000,000 824,742
----------- ---------
$18,500,000 1,525,773
=========== =========

We believe the sale of shares to Cisco, Com21 and Microsoft will enhance our ongoing relationships with these key strategic partners and such strategic relationships better position us to compete in the high speed cable modem Internet access market.
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