PALO ALTO, Calif. – Already one of the most popular names in the public equity arena, Lucent Technologies Inc. in March announced plans to keep its brand viable on the private side by pumping $150 million into wholly-owned subsidiary Lucent Venture Partners (LVP). The cash infusion, which Lucent executives had been planning for months, is […]
SAN DIEGO – San Diego VenturePlex, New South Ventures and Advantage Capital are the latest entrants into the world of incubators that hope to fill the needs of seed- to early-stage information technology companies cropping up around the nation. VenturePlex, launched at the end of February by Hamilton Venture Services LLC and entrepreneur Dante Fichera, […]
PHILADELPHIA – There was a time, not so long ago, when business schools most often served as educational rest stops on the investment banking career highway. Today, however, Wall Street firms are scrambling just to fill their interview sheets as potential MBAs are making a beeline for the West Coast unless attractive office space can […]
MINNEAPOLIS – Crescendo Ventures has abandoned health-care investing with the February launch of Crescendo Ventures IV LP, which will solely back seed- to early-stage communications infrastructure and services companies, as well as e-business enterprises, General Partner Jeff Tollefson said. Targeted at $500 million, the vehicle expected a first close on at least $200 million in […]
SYOSSET, N.Y. – Unlike other private equity firms, the investment professionals of Northwood Ventures do not consider themselves technologists. Instead, they take pride in being generalists who can focus on a wide range of sectors, including wireless communications, the Internet, retail and consumer-oriented companies. “Our preference is to do things we understand,” said Hal Wilson, […]
Memphis, TN Went public 2/4/2000 at $12 apiece Filing Range: 3 mil. shares @ $10 to $12 Shares Outstanding: 11.86 mil. shares Underwriters: Needham A.G. Edwards & Sons/W.R. Hambrecht FINANCIALS (Data except per-share in $ thousands) Y/E 3 MOS 3 MOS 7/99 10/98 10/99 Total Revenue $53,650 $8,478 $14,343 Net Income 4,315 340 335 Net […]
San Diego, CA Went public 2/14/2000 at $24 apiece Filing Range: 5 mil. shares @ $20 to $22 Shares Outstanding: 33.05 mil. shares Underwriters: Bear Stearns Chase H&Q/Deutsche Banc Alex. Brown FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 12/98 12/99 Total Revenue $1,347 $10,272 Net Loss -13,510 -9,085 Net Loss Per Share -7.64 […]
San Mateo, CA Went public 2/17/2000 at $16 apiece Filing Range: 4.5 mil. shares @ $10 to $12 Shares Outstanding: 16.92 mil. shares Underwriters: S. Bancorp Piper Jaffray Banc of America Securities/Thomas Weisel Partners FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 12/98 12/99 Total Revenue $7,743 $12,492 Net Loss -10,008 -16,615 Net Loss […]
Atlanta, GA Went public 2/10/2000 at $17 apiece Filing Range: 10 mil. shares @ $14 to $16 Shares Outstanding: 45.86 mil. shares Underwriters: Bear Stearns Donaldson, Lufkin & Jenrette/J.C. Bradford FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 9 MOS 9 MOS 12/97 12/98 9/98 9/99 Total Revenue $709 $2,417 $1,428 $5,227 Net Loss […]
San Francisco, CA Went public 2/25/2000 at $14 apiece Filing Range: 4 mil. shares @ $12 to $14 Shares Outstanding: 32.85 mil. shares Underwriters: Credit Suisse First Boston Chase H&Q/Robertson Stephens FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 9 MOS 9 MOS 3/98 3/99 12/98 12/99 Total Revenue $200 $1,847 $1,157 $6,488 Net […]