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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (12970)3/27/1998 12:05:00 PM
From: Steven Messina,L.M.T.  Read Replies (2) of 17305
 
AV, thought you'd like to check out this IPO.
She's supposed to open today in the $9-$11 range....take a gander.

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EPITAXX, Inc

Description:
EPITAXX makes semiconductor optical detectors and receivers for the fiber-optics communications
industry. Products are used in high-capacity terrestrial and undersea fiber-optic systems; multichannel
cable television distribution; digital local loop and access networks; and computer networking. Cable
and telephone deregulation are boosting the market for products like those made by the firm.
EPITAXX also makes equipment used for testing and measurement in the defense arena and in
industry. North America accounts for about 52% of the company's worldwide sales. Following the
IPO, Nippon Sheet Glass will reduce its stake in the company to 70%.

Address: Seven Graphics Dr.
West Trenton, NJ 08628
Phone: 609-538-1800
Fax: 609-538-1684
Web Site: epitaxx.com

CEO: Noboru Hiraguri
CFO: James D. Coleman
HR: Connie McGee

Fiscal Year End: March
1997 Sales ($ mil.): 21.2
1-Yr. Sales Change: 7.3%
1997 Income ($ mil.): 0.6
1-Yr. Income Change: (65.6%)
Employees: 208

Company type: Private
Filing date: January 23, 1998
Expected IPO date: Week of Mar. 23

Shares offered (mil.): 2.15
Post-offering
shares (mil.): 7.263
Offering amt. ($ mil.): 21.5
Proposed offer price: $9.00 to $11.00

Proposed Symbol: EPXX
Proposed Exchange: Nasdaq

Underwriters: Cowen & Company; CIBC Oppenheimer; Daiwa Securities America
Inc.
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