PCTel

PCTel

Business Description

PCTel was a leading developer and supplier of cost-effective, software-based connectivity solutions for data transmission in a wide range of communications environments. The Company’s solutions enable high speed internet access and other communications applications through broadband and wireless and other networks.

Background

Prior to the Company’s IPO at $17 per share, PCTel had been funded by a number of individual investors. Less than six months later, the Company’s initial backers were able to sell most of their holdings at $46.50 per share. PCTel received a portion of the proceeds for its own working capital.

Solution

A principal of Carter Morse & Mathias acted as a managing underwriter on PCTel’s follow on public offering.