SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IPOs: Too many, too fast, to little buyers?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ynot who wrote (33)7/22/1999 3:32:00 PM
From: Wayners   of 84
 
In July 1996, as part of a divestiture by Lucent, Communication Partners,L.P., a limited partnership controlled by the Texas Pacific Group, acquired all of the outstanding shares of common stock of Paradyne (from Lucent). Our business (post divestiture) was created when certain operations of Paradyne (pre divestiture) were either retained by Lucent or assigned to newly created entities (at Paradyne) in connection with the divestiture. The business that
remained with the Company (Paradyne) is referred to as the Predecessor Business. The Predecessor Business derived most of its revenues through July 1996 from the sale of narrowband products. The Predecessor Business purchased products and services from preferred suppliers of AT&T and Lucent and incurred intercompany charges for services provided by other AT&T operations. Following the 1996 acquisition (by Communication Partners), we (Paradyne) introduced a series of new products, including many new broadband products, and discontinued sales of certain products, which were transitioned (I assume sold)to Lucent. In addition, we lowered our expenses and restructured our operations. The cost of the restructuring was accounted for as part of the purchase accounting associated with the 1996 acquisition (by Communications Partners from Lucent). We believe the revenues and expenses of the Predecessor Business are not representative of our current business, financial condition or results of operations (because they are transitioning from narrowband products to broadband products). Accordingly, we believe that a period-to-period comparison of operating results prior to 1997 is not meaningful.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News