At January 2, 2010, our principal sources of liquidity were cash and cash equivalents totaling $71.9 million,
short-term investments of $5.0 million and accounts receivable of $35.2 million. Prior to our initial public offering
in November 2005, we funded our growth primarily with proceeds from the issuance of convertible preferred stock
for aggregate net cash proceeds of $37.5 million, occasional borrowings under a working capital line of credit and
cash generated from operations. In our initial public offering, we raised $70.4 million net of underwriting and
professional fees associated with the offering.
We manufacture and distribute our products through contract manufacturers and third-party logistics providers.
We believe that this approach gives us the advantages of relatively low capital investment and significant
flexibility in scheduling production and managing inventory levels. By leasing our office facilities, we also
minimize the cash needed for expansion. Accordingly, our capital spending is generally limited to leasehold
improvements, computers, office furniture and product-specific production tooling, internal use software and test
equipment. In the fiscal years ended January 2, 2010 and December 27, 2008, we spent $5.0 million and
$14.8 million, respectively, on capital equipment.
At January 2, 2010, our principal sources of liquidity were cash and cash equivalents totaling $71.9 million,
short-term investments of $5.0 million and accounts receivable of $35.2 million. Prior to our initial public offering
in November 2005, we funded our growth primarily with proceeds from the issuance of convertible preferred stock
for aggregate net cash proceeds of $37.5 million, occasional borrowings under a working capital line of credit and
cash generated from operations. In our initial public offering, we raised $70.4 million net of underwriting and
professional fees associated with the offering.
We manufacture and distribute our products through contract manufacturers and third-party logistics providers.
We believe that this approach gives us the advantages of relatively low capital investment and significant
flexibility in scheduling production and managing inventory levels. By leasing our office facilities, we also
minimize the cash needed for expansion. Accordingly, our capital spending is generally limited to leasehold
improvements, computers, office furniture and product-specific production tooling, internal use software and test
equipment. In the fiscal years ended January 2, 2010 and December 27, 2008, we spent $5.0 million and
$14.8 million, respectively, on capital equipment.
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At January 2, 2010, our principal sources of liquidity were cash and cash equivalents totaling $71.9 million,
short-term investments of $5.0 million and accounts receivable of $35.2 million. Prior to our initial public offering
in November 2005, we funded our growth primarily with proceeds from the issuance of convertible preferred stock
for aggregate net cash proceeds of $37.5 million, occasional borrowings under a working capital line of credit and
cash generated from operations. In our initial public offering, we raised $70.4 million net of underwriting and
professional fees associated with the offering.
We manufacture and distribute our products through contract manufacturers and third-party logistics providers.
We believe that this approach gives us the advantages of relatively low capital investment and significant
flexibility in scheduling production and managing inventory levels. By leasing our office facilities, we also
minimize the cash needed for expansion. Accordingly, our capital spending is generally limited to leasehold
improvements, computers, office furniture and product-specific production tooling, internal use software and test
equipment. In the fiscal years ended January 2, 2010 and December 27, 2008, we spent $5.0 million and
$14.8 million, respectively, on capital equipment.
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