Carrier Access Corp. Initial Public Offering of Common Stock.BOULDER, Colo.--(BUSINESS WIRE)--July 31, 1998--Carrier Access Corporation ("Carrier Access" or the "Company"; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market Symbol: CACS CACS Center for Advanced Computer Studies CACS Computer Audit, Control and Security CACS Carrier Access Corporation (stock symbol) CACs Criteria Air Contaminants CACS Center for Alaskan Coastal Studies CACS Coronary Artery Calcium Scoring ) announced that on Friday, July 31, 1998 it commenced an Initial Public Offering of 3,000,000 shares of its common stock. All of the shares were sold by the Company. The Initial Public Offering price was $12 per share. The net proceeds to the Company from the Offering will be used for working capital and general corporate purposes, including product development and capital expenditures. The offering was managed by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Hambrecht & Quist and Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The Company has granted the underwriters an option to purchase up to an additional 450,000 shares to cover over allotments. Carrier Access Corporation is a leading provider of Multi-service Digital Access (MDA (1) (Monochrome Display Adapter) The first IBM PC monochrome video display standard for text. Due to its lack of graphics, MDA cards were often replaced with Hercules cards, which provided both text and graphics. See PC display modes and Hercules Graphics. ) equipment to competitive telecommunications carriers, including competitive local exchange carriers, Internet service providers, and other wirelesscarriers. The Company's MDA equipment is used for the provisioning of enhanced voice and high-speed data service by carriers to end users such as small and medium-sized businesses and government institutions. The Company's MDA equipment provides a "last mile" solution for the voice and data connectivity needs of competitive carriers and end users throughout the United States. Copies of the final prospectus relating to the Offering may be obtained from: Credit Suisse First Boston Corporation 11 Madison Avenue Prospectus Department New York, NY 10010-3629 telephone number, 212-325-2580
CONTACT: Carrier Access Corp., Boulder
Sherin Tedeschi, 303/218-5710
www.carrieraccess.com
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