For more information, contact:
Be, Inc.
Sylvie Pelaprat sylvie@be.com
+1 (650) 462-4113
CHEN PR
Shelly Eckenroth or Mary Leddy
+1 (650) 357-8749
In Europe:
Marie-Françoise Lelong-Weinberg
mflelong@beeurope.com
+33-1-55-91-7736
Be Incorporated Announces The Sale of 6,000,000 Shares of Common Stock
MENLO PARK, CA, July 20, 1999 - Be Incorporated (Nasdaq: BEOS)
today announced the initial public offering of 6,000,000 shares of its
Common Stock at an initial public offering price of $6.00 per share. The
underwriters have an option to purchase up to an additional 900,000 shares
at the initial public offering price to cover over-allotments, if any. The
initial public offering is being managed by Volpe Brown Whelan &
Company, LLC and Needham & Company, Inc.
Be Incorporated offers the BeOS® operating system, an operating
system designed for digital media applications and Internet appliances.
BeOS is capable of providing faster and more predictable processing times
for digital media applications than traditional desktop operating systems.
BeOS can run on a wide range of devices including Internet appliances,
desktop PCs and high-performance multiprocessor workstations. BeOS is
promoted through relationships with OEMs, applications developers, consumer
electronic manufacturers and Internet service and content providers.
A prospectus relating to the offering may be obtained from Volpe Brown
Whelan & Company, LLC at One Maritime Plaza, 5th Floor, San
Francisco, CA 94111; or Needham & Company, Inc. at 3000 San Hill Road,
Building 2, Suite 190, Menlo Park, CA 94025.
A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of any
offer to buy nor shall there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state.
The statements contained in this Press Release may contain
"forward-looking statements". Actual events or results may
differ materially as a result of risks facing Be Incorporated or actual
results differing from the assumptions underlying such statements. Such
risks and assumptions include, but are not limited to, risks related to
competition and market acceptance of BeOS, ability to establish and
maintain strategic relationships, availability of third party applications
that operate on BeOS, and ability to increase sales and market awareness
for BeOS. All forward-looking statements are expressly qualified in their
entirety by the "Risk Factors" and other cautionary statements
included in the Company's amended Registration Statement on Form S-1
(Commission File No. 333- 77855).
# # #
About Be®
Be Incorporated., founded in 1990 by Jean-Louis
Gassée, is a software company focusing on building new foundations
for the next generation of digital content and media design tools. With a
team of industry-leading engineers and business executives in the United
States and Europe, the company is dedicated to removing the limitations of
existing computer architectures and delivering a new level of price
performance on both personal computers and Internet appliances. In 1997,
Be published the first public release of the Be Operating System
(BeOS®), the core product of this strategy. Additional information on
Be and BeOS is available online at http://www.be.com/. Be Incorporated is
headquartered in Menlo Park, California.