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Amount Offered for IPO Offerings $MM. L:HiTechCOMPANYSEMICONDCADENCE2001Strategic dialogue10-2-01FINAL.pptA22 OCT 20017:10 AM11. Equity Market Environment. Technology IPO Offerings: September 1, 2000 - September 21, 2001 (1).
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Amount Offered for IPO Offerings $MM L:\HiTech\COMPANY\SEMICOND\CADENCE\2001\Strategic dialogue10-2-01FINAL.ppt\A2\02 OCT 2001\7:10 AM\11 Equity Market Environment Technology IPO Offerings: September 1, 2000 - September 21, 2001(1) • IPO activity is drastically down across all sectors of technology with not a single deal pricing in three of the first nine months of 2001 • September 2001 was the first month since December 1975 in which not a single IPO priced in the US equity markets • Many private companies that originally aspired to enter public markets will be forced to consider alternatives to an IPO 11 3 5 1 0 2 2 0 0 3 2 3 1 # of Deals Source Equidesk and FactSet Source Equidesk and FactSet Note: 1. Includes U.S. issuers over $40MM
L:\HiTech\COMPANY\SEMICOND\CADENCE\2001\Strategic dialogue10-2-01FINAL.ppt\A2\02 OCT 2001\7:10 AM\12 Overview of Technology Equity Market Backlog By Sector • With technology equity market backlog increasing, particularly for semiconductor and software companies, larger players in those spaces should look for strategic opportunities resulting from a lack of liquidity in the public markets
Presentation3\A2\09 APR 2001\1:28 PM\2 Comparable Companies Trading Multiples MORGAN STANLEY DEAN WITTER
Presentation3\A2\09 APR 2001\1:28 PM\3 Comparable Companies Operating Statistics MORGAN STANLEY DEAN WITTER