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Netopia, Inc. Files Registration Statement Relating to Public Offering.

ALAMEDA, Calif.--(BUSINESS WIRE)--July 2, 1999--

Netopia, Inc. (NASDAQ:NTPA) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a public offering of 2,300,000 shares of common stock. These shares will be offered by the Company. The Company will grant the underwriters a 30-day option to purchase up to an additional 345,000 shares of its common stock for the purpose of covering over-allotments. Warburg Dillon Read LLC, BancBoston Robertson Stephens Inc., and Volpe Brown Whelan & Company are the underwriters of this offering.

The Company intends to use net proceeds for general corporate purposes, including working capital. The Company may use a portion of the net proceeds to acquire businesses, products and technologies that are complementary to its own.

Netopia, Inc. provides Internet and electronic commerce infrastructure that enables small and medium size businesses to easily and cost effectively connect to the Internet, establish and enhance their presence and conduct business and electronic commerce on the Web. Netopia offers DSL and other high-speed, multi-user, plug-and-play Internet connectivity products and Web platforms for creating and hosting Web sites, creating and hosting electronic stores, and conducting real-time Internet communications.

Copies of the preliminary prospectus relating to the offering can be obtained from Warburg Dillon Read LLC, 299 Park Avenue, New York, NY 10171, telephone number: 212/821-4000, BancBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA 94104, telephone number: 415/781-9700 and Volpe Brown Whelan & Company, One Maritime Plaza, San Francisco, CA 94111, telephone number: 415/274-4400.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Portions of this release contain forward-looking statements. Netopia, Inc.'s actual results could differ materially from the results discussed in this release. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. A complete description of Netopia, Inc., including related risk factors is discussed in Netopia, Inc.'s public filings with the United States Securities and Exchange Commission which are available by calling Netopia at 510-814-5260 or online at http://www.sec.gov.

All company names, brand names and product names are trademarks of their respective holder(s).
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 2, 1999
Words:461
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