If this is Worth 17 than what is RRRR worth?
RRRR's Home page. raremedium.com
Some of RRRR's Great work. nytimes.com
Info on the IPO of ( ALLR )http://www.ipomaven.com/rep/a/allr.asp?o=5
Allaire Corporation (ALLR)
Contact:
One Alewife Center
Cambridge,
MA 02140
(617) 761-2000
(617) 761-2001www.allaire.com
Officers:
David J. Orfao, Pres./CEO/Dir.
David A. Gerth, VP/CFO/Treas.
Joseph J. Allaire, Chairman
Products:
Designs Web development tools
Employees: 137
Competitors:
Microsoft
IBM
Oracle Corp.
Outstanding Shares:
10,158,260
IPO Date:
Offer Price: $ 15 - 17
Income Data (Thousand $) (Year Ended - Dec 31)
Year
Revenues Costs Oper Income Taxes Net Income EPS
1995 0 0 (188) NA (188) (0.09)
1996 2,358 234 (1,712) NA (1,698) (0.97)
1997 7,650 2,414 (7,612) NA (7,425) (4.40)
1998 13,903 4,117 (8,017) NA (7,988) (2.84)
* Period from May 5 (inception) to Dec. 31, 1995
** Nine Months ended September 30, 1998
Balance Sheet Data (Thousand $) (Year Ended - Dec 31)
Year
LT Debt SH Equity Total Assets Cash Acct Recv. Inventory Total Cur Assets Total Cur Liability PPE
1995 0 (181) 119 17 NA NA NA NA NA
1996 0 (1,768) 2,038 526 617 NA 1,230 1,006 568
1997 499 (9,153) 9,697 5,521 1,413 NA 7,170 5,678 2,209
1998 247 (16,381) 8,330 1,879 2,388 NA 4,877 10,818 3,072
* As of September 30, 1998
Cash Flow Summary (Thousand $)
Year
Net Cash-Ops Net Cash-Inv Net Cash-Fin Net Change
1995 11 (47) 53 17
1996 (1,695) (598) 2,802 509
1997 (3,304) (1,754) 10,053 4,995
1998 (3,588) (1,686) 1,632 (3,642)
* Period from May 5 (inception) to Dec. 31, 1995
** Nine Months ended September 30, 1998
Quarterly Performance (Thousand $)
Qtr Ended
Revenues Net Income EPS
Mar-97 1,211 (836) NA
Jun-97 1,380 (1,333) NA
Sep-97 2,004 (2,378) NA
Dec-97 3,055 (2,878) NA
Mar-98 4,032 (2,211) NA
Jun-98 4,599 (2,404) NA
Sep-98 5,272 (3,373) NA
Dec-98 NA NA NA
Major Stock Holders (Prior To Offering)
Name
Common Stock Class A Class B Class L ADS
Joseph J. Allaire 2,005,000 NA NA NA NA
Polaris Venture Management Co. LLC 1,387,336 NA NA NA NA
BancBoston Ventures Inc. 1,000,000 NA NA NA NA
Major Stock Holders (After Offering)
Name
Common Stock Class A Class B Class L ADS
Joseph J. Allaire 2,005,000 NA NA NA NA
Polaris Venture Management Co. LLC 1,387,336 NA NA NA NA
BancBoston Ventures Inc. 1,000,000 NA NA NA NA
Business Environment
Businesses are adopting Web technology rapidly to upgrade enterprise and client-server applications. An IDC report estimates that, by mid-1997, 12% of U.S. companies had implemented an Internet-based online transaction processing application and 37% had an Internet-based online transaction processing project in some stage of planning or evaluation. There are a number of reasons for businesses to adopt Web technology. Among them, Web browsers provide a uniform and intuitive graphical user interface, which significantly reduces remote access and training costs. Web application server architecture is compatible with legacy mainframe and client-server architectures, and server deployment permits immediate availability of applications and upgrades throughout the enterprise and worldwide, reducing deployment and maintenance costs. Demand from existing businesses and new Web-based enterprises for Web application software has created a sizable market experiencing strong growth. According to an IDC report, the total business application software market accounted for $50.7 billion in revenue in 1997. According to a Gartner Group survey of selected U.S. corporate information technology users, approximately 92% of all respondents plan to increase spending on intranet and Internet applications in 1998, as corporations migrate applications from legacy platforms to Web technology. An IDC report estimates that Internet-centric software specifically designed for Web technology, which accounted for less than $1 billion in revenue in 1996, will approach $10 billion in revenue by 2000 due to aggressive corporate adoption of Web technology. International Data Corporation ('IDC') estimates that Web page design and Web application development tools will account for $548 million in license and associated services revenue in 1998 and will grow to more than $1.5 billion in license and associated services revenue by 2002. The Company believes that most existing Web-enabled rapid application development tools fail to address the unique requirements and challenges faced by Web application developers. Most Web developers are proficient with HTML and many are familiar with extensible Markup Language ('XML'), core technologies that are specifically designed for the Web platform. The ease of using markup languages such as HTML and XML, which use declarative, English-like tags, has enabled a large number of non-traditional programmers to develop complex Web sites and Web applications.
Company Strategy
The Company develops, markets and supports application development and server software for a wide range of Web development, from building static Web pages to developing enterprise-scale, interactive Web applications.
Product/Services Portfolio
The Company's products and services enable professional Web developers to build high-volume, transaction-oriented Web sites and Web applications for electronic commerce, business information systems, content publishing and multi-user collaboration. The Company specifically designs its products to integrate key emerging Web client and Web server software platforms, technologies and protocols and to interoperate with key enterprise and client-server technologies. The Company's flagship ColdFusion product line employs a comprehensive, easy to learn, tag-based markup language that allows professional Web developers to quickly and efficiently create Web applications. More than 20,000 ColdFusion application server licenses and more than 80,000 licenses for the Company's HomeSite Hypertext Markup Language ('HTML') design tool have been sold to date. The Company designed its ColdFusion Markup Language ('CFML') to use the same easy to learn tag and attribute syntax as HTML and XML. When used in conjunction with HTML and XML, CFML provides developers with a complete Web application programming environment without requiring them to change programming syntax. By using CFML, Web developers avoid having to code simultaneously in scripting languages and in tag-based markup languages. In addition, because CFML includes high-level building blocks that encapsulate complex programming interfaces, developers are able to integrate a variety of enterprise technologies, such as databases, directories, messaging servers, transaction monitors and object middleware. The Company's customers include autobytel.com inc. ('autobytel.com'), the Boeing Company ('Boeing'), Booz, Allen & Hamilton Inc. ('Booz, Allen'), Credit Suisse First Boston Corporation, Hewlett-Packard Company ('Hewlett-Packard'), Intel Corp. ('Intel'), Internal Revenue Service ('IRS'), JC Penney Company, Inc. ('JC Penney'), Lockheed Martin Corporation ('Lockheed Martin'), LucentTechnologies Inc. ('Lucent'), MCI Communications Corp. ('MCI'), MicrosoftCorporation ('Microsoft'), SBC Communications Inc. (Pacific Bell & SouthwesternBell) ('SBC Communications') and United Parcel Service of America, Inc.('UPS').
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