MADGE NETWORKS NV
424B2, 2000-02-09
COMPUTER PERIPHERAL EQUIPMENT, NEC
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<PAGE>   1
                                             As Filed Pursuant to Rule 424(b)(2)
                                             Registration No. 333-94963


PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JANUARY 28, 2000)

                                 140,000 SHARES

                              MADGE NETWORKS N.V.
                                 COMMON SHARES

                            ------------------------

     All of the common shares offered by this prospectus supplement are being
sold by us. Chase H&Q is acting as Placement Agent for the sale of these shares.

     Our common shares trade on the Nasdaq National Market under the symbol
"MADGF". The closing price of our common shares on the Nasdaq National Market on
February 8, 2000 was $13.25.

                            ------------------------

     INVESTING IN THE SECURITIES WE ARE OFFERING INVOLVES A HIGH DEGREE OF RISK.
SEE "RISK FACTORS" BEGINNING ON PAGE 2 OF THE ACCOMPANYING PROSPECTUS DATED
JANUARY 28, 2000.

     On February 8, 2000, we sold an aggregate of 140,000 common shares at
prices ranging from $13.50 to $13.625 and paid Chase H&Q aggregate commissions
on these sales of 2.5% of the purchase price or $47,328.05.

                            ------------------------

<TABLE>
<CAPTION>
                                                                  TOTAL
                                                                  -----
<S>                                                           <C>
Public offering price.......................................  $1,893,122.00
Placement agent commissions.................................  $   47,328.05
Proceeds to Madge, before expenses..........................  $1,845,793.95
</TABLE>

     NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

     We expect delivery of the common shares to be made on or about February 11,
2000, against payment in immediately available funds.

     We have agreed to indemnify the Placement Agent against certain
liabilities, including liabilities under the Securities Act of 1933, as amended.

                            ------------------------

                                   CHASE H&Q
                                PLACEMENT AGENT

                  Prospectus Supplement dated February 9, 2000


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