Wow. 43+ million shares outstanding. At $20, this stock will be valued at $860mm...
Huge revenue ramp however.. Last qtr was $15mm sales up from $8mm in Sep. This deal will be HOT.
Excerpt from the prospectus (at sec.gov
Customers:
MARKETS CUSTOMERS
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Cable Set-Top Boxes General Instrument
Scientific-Atlanta
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Cable Modems 3Com
Bay Networks
Cisco Systems
Com21
Ericsson
General Instrument
Hybrid Networks
Motorola
Scientific-Atlanta
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High-Speed Networking 3Com
Accton Technology
Adaptec
Alantec/Fore
Bay Networks
Cabletron
Cisco Systems
Digital Equipment Corporation
D-Link
Standard Microsystems
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DBS and Terrestrial Wireless General Instrument
Italtel
Samsung
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xDSL General Instrument (Next Level Communications)
Nortel
Competition... The Company competes with a number of major domestic and international suppliers
of equipment in the markets for cable set-top boxes, cable modems, high-speed networking, DBS
and terrestrial wireless, and xDSL, which competition has resulted and may continue to result
in declining average selling prices for the Company's products. The Company currently competes
in the cable television set-top box with Rockwell, Philips, LSI Logic and VLSI Technologies
for communication devices and with SGS-THOMSON, LSI Logic and C-Cube in the MPEG segment. The
Company expects other major semiconductor manufacturers to enter the market as the digital
broadcast television and other digital cable television markets become more established.
A number of companies, including LSI Logic, Rockwell and Toshiba, have announced that they
are developing and plan to introduce MCNS/DOCSIS compliant products in 1998, which could result
in significant competition in the cable modem market. In the high-speed networking
market, the Company principally competes with established suppliers including Lucent
Technologies, Level One, National Semiconductor and Advanced Micro Devices ("AMD"). The
Company's principal competitors in the DBS market include LSI Logic, Philips, SGS-THOMSON and
VLSI Technologies, and the Company's principal competitors in the xDSL market include Analog
Devices, Alcatel, Motorola and Globespan. The Company also may face competition from suppliers
of products based on new or emerging technologies. |
