8x8, Inc. Files Registration Statement for Initial Public Offering.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Nov. 6, 1996--8x8, Inc. announced today that it has filed with the Securities and Exchange Commission a registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed initial public offering of 2,500,000 shares of its common stock plus an additional 375,000 shares subject to an over-allotment option granted to the underwriters. All of the shares are to be sold by 8x8. The price range is anticipated to be $8.00 to $10.00 per share. The shares are to be offered by an underwriting group led by Montgomery Securities and co-managed by Donaldson, Lufkin & Jenrette Securities Corporation. 8x8, headquartered in Santa Clara, designs, develops and markets highly integrated, proprietary video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. semiconductors and associated software to OEMs of corporate video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. systems. To address new opportunities, 8x8 intends to leverage its strengths in semiconductor design and related software by introducing video conferencing systems for the consumer market. The first product in 8x8's planned family of VideoCommunicators is the VC100, which is currently under development. The VC100 connects to a television set and a standard touch-tone telephone adding video to an otherwise normal telephone call, without the need for a personal computer. 8x8 plans to introduce the VC100 in early 1997 targeted at the consumer market. A preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to these securities may be obtained from Montgomery Securities, 600 Montgomery Street, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 94111, Attention: Prospectus Department or Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Ave, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, Attention: Prospectus Department. -0- A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. CONTACT: 8x8, Inc. Kevin Deierling, 408/727-1885 kevind@8x8.com or Purdom Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Charlie Purdom, 415/588-5700 charlie_purdom@purdompr.com |
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