A few more details I found in the Red Herring:
July 23, 1997: Box Hill filed for its initial public offering. The number of shares and price of stock has yet to be announced. The deal is being led by Salomon Brothers and comanaged by Montgomery Securities. The company is valued at $9.2 million.
Box Hill Systems makes data storage systems and integrated backup products primarily for Unix systems. Its storage products include expandable disk arrays and storage systems. Box Hill's backup products include tape drives, enterprise-wide backup software, and media changers. The company's primary custormers are financial service companies such as Chase Manhattan Bank and Merrill Lynch and telecommunication companies such as AT&T and Sprint. These two industies account for about two-thirds of sales. It markets its products primarily to end-users and through distributors in the UK, Japan, and Hong Kong.
In the first quarter of fiscal 1997, reported net revenues were $15.2 million, a 36.9 percent increase from Q1 1996's revenues of $11.1 million. Net income increased from $231,000 to $464,000 during the same time period. Box Hill competes with traditional suppliers of computer systems such as Compaq, Hewlett-Packard, Sun, and IBM. Philip Black has been CEO and a director of the company since June 1995. He previously served as CEO and founder of Tekelec.
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I also know the anticipated price is currently $12-$14.
The anticipated pricing date is: 9/16/97.
There are currently 4.6M shares being offered. |
