Company Description:
Multi-Fineline Electronix is a global provider of flexible printed circuit and value-added component assembly solutions to the electronics industry. The Company is one of a limited number of manufacturers that provides a seamless, integrated end-to-end flexible printed circuit solution for its customers, ranging from design and applications engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing.

Overview of the Offering:
Needham & Company acted as lead manager of Multi-Fineline Electronix's $55.7 million initial public offering that priced on June 25, 2004 at $10.00 per share.

Multi-Fineline Electronix stock closed up 0.4% at $10.04 on its pricing date and traded up 82.4% five months after going public.

Company Description:
Cray designs, builds, sells and services high- performance computer systems, commonly known as supercomputers, and provides professional services to its customers.

Overview of the Offering:
Needham acted as sole book runner and lead manager of Cray's $46.5 million follow-on offering that priced on February 12, 2003 at $6.20 per share.

Cray stock closed up 0.8% at $6.25 on its pricing date and traded up approximately 5.0% at the end of its first month of trading.

Company Description:
Sypris provides outsourced services and specialty products. It performs a wide range of manufacturing, engineering, design, testing and other technical services, typically under multi-year, sole-source contracts, for major companies and government agencies in the markets for aerospace and defense electronics, truck components and assemblies, and for users of test and measurement equipment.

Overview of the Offering:
Needham & Company acted as lead manager of Sypris's $55.2 million follow-on offering that priced on March 20, 2002 at $14.50 per share.

Sypris stock closed up 3.4% at $15.00 on its pricing date and traded up approximately 43.1% at the end of its first month of trading.

Industry:
Semiconductors 

Company Description:
ESS designs, develops and markets highly integrated digital system processor chips.

Overview of the Offering:
Needham acted as sole book runner and lead manager of ESS Technology's $93 million follow-on offering that priced on January 31, 2002 at $19.91 per share.