Excel Switching Corporation
Description:
Excel Switching makes open switching platforms for telecommunications networks. The firm's
products are used in about 50 countries and are designed with distributed architecture and open
software that allow them to be integrated with different computer systems, operating systems, and
application development environments. Excel markets its products, which are manufactured at its
plant in Massachusetts, to application developers, OEMs, and systems integrators through its sales
force. Customers include Boston Technology (the company's largest customer), Ericsson
Messaging Systems, MCI, Priority Call Management, and QUALCOMM. Founder and CEO
Robert Madonna owns almost 86% of Excel Switching.
Address: 255 Independence Dr.
Hyannis, MA 02601
Phone: 508-862-3000
Fax: 508-862-3137
CEO: Robert P. Madonna
CFO: Stephen S. Galliker
HR: Richard Marciante
Fiscal Year End: December
1996 Sales ($ mil.): 62.1
1-Yr. Sales Change: 71.6%
1996 Income ($ mil.): 7.9
1-Yr. Income Change: 46.0%
Employees: 252
Company type: Public
Filing date: September 17, 1997
Date went public: November 5, 1997
Shares offered: 4.5 million
Post-offering shares: 32.589 million
Proposed offer price: $18.00 to $20.00
Actual offer price: $21.00
First day open: $27.50
First day close: $24.50
Ticker Symbol: XLSW
Exchange: Nasdaq
Underwriters: Morgan Stanley Dean Witter; Hambrecht & Quist; Montgomery
Securities
Jeff |
