Public Equity Holdings:
As of June 30, 2000, the current public equity holdings of Comdisco
Ventures group had an equity value of $484 million and represented ownership in
approximately 70 companies. The ten largest equity holdings represented 71% of
the total equity value of these holdings and was composed of the following
companies:
Largest Public Equity Stakes as of June 30, 2000
<TABLE>
<CAPTION>
Company Industry Sector
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<S> <C>
Ciena Corporation/1/ Communications & Networking
E.piphany, Inc. Software & Computer Services
Handspring, Inc. Computer Hardware & Semiconductors
iBEAM Broadcasting Corporation Communications & Networking
Niku Corporation Software & Computer Services
Nortel Networks Corp./2/ Communications & Networking
OnDisplay, Inc. Internet
ONI Systems Corp. (formerly Optical
Networks, Inc.) Communications & Networking
Redback Networks, Inc./3/ Communications & Networking
Turnstone Systems, Inc. Communications & Networking
</TABLE>
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/1/ Comdisco Ventures group received shares in Ciena Corporation, as a
result of that company's purchase of Lightera Networks, Inc.
/2/ Comdisco Ventures group received shares in Nortel Networks Corp., as
a result of that company's purchase of Promatory Communications.
/3/ Comdisco Ventures group received shares in Redback Networks, Inc. as
a result of that company's purchase of Siara Systems, Inc.
The equity instruments Comdisco Ventures group holds are generally
subject to securities law restrictions on transfer and contractual lock-ups
restricting its ability to sell them for up to approximately 180 days after an
initial public offering or longer. Of the $484 million in equity value of the
current public equity holdings of Comdisco Ventures group at June 30, 2000,
approximately $390 million was not then available for sale as a result of
unexpired restrictions. The public market for high-technology and other
emerging growth companies is extremely volatile. This volatility may adversely
affect both Comdisco Ventures group's ability to dispose of those equity
securities and the value of those equity securities on disposal. |
