Week 11/08/2004 through 11/14/2004

Prepared by: Dante Fichera, CPA (I apologize for the late delivery of this newsletter. My second son Dyland Bradley Fichera was born yesterday.)

What’s Hot this reporting period are venture backed companies based in California operating in the Software industry and that have raised their Series C round of financing.

On Wall Street CapitalHunter.com identified the following IPO’s and Secondary Offerings:

1. Ormat Technologies had its initial public offering this week for $93.8 million and trades under the ticker ORA.
2. Nalco Holding had its initial public offering this week for $666.7 million and trades under the ticker NLC.
3. Bucyrus International raised additional capital through a secondary offering for $202.4 million and trades under the ticker BUCY.
4. OSI Pharmaceuticals raised additional capital through a secondary offering for $387 million and trades under the ticker OSIP.
5. Vornado Realty Trust raised additional capital through a secondary offering for $150 million and trades under the ticker VNO.

CapitalHunter.com was able to verify that $244 million of venture capital was invested in 28 U.S.-based companies during this week’s reporting period. The average deal size was approximately $8.71 million. The amount of venture capital invested this period decreased by 36% from last week’s $380 million.

Geographically,17 California companies raised $170 million in venture financings. The largest private venture financing in California this period was into TradeBeam who raised $18.25 million. TradeBeam is a San Mateo based company that is a provider of a global trade management software and services providing a solution that streamlines global trading processes for enterprises and their partners.

The software sector raised 52% of the venture capital this period. Thirteen software companies raised $126.8 million in venture financing. TradeBeam was the largest financing in this sector.

Companies raising their Series C round of financing led this week’s venture capital activity. Series C financings represented 33% of the total venture capital deployed this period. The largest Series C financing was into Sonim Technologies. Sonim Technologies provides IP-based end-to-end Instant Communication solutions including voice messaging over wireless data networks worldwide; additionally, the Sonim client may be installed as an application on smart phones, wireless PDAs and landline PCs.

The three largest venture deals this period are as follows:

The following fourteen and other unnamed investors funded the above mentioned top three venture capital investments for $50.25 Million:

A total of 56 worldwide equity financings of private and public companies occurred during this reporting period. Each of the 56 equity financings are profiled in a weekly report which include venture financings, private placements, secondary offerings, PIPE’s, and IPO’s.

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