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Technology Stocks : Formus Communications - FMUS

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To: Xenogenetic who wrote ()	2/18/2000 11:54:00 PM
From: Xenogenetic	of 16

Formus withdraws IPO biz.yahoo.com Formus Communications asks SEC to withdraw IPO WASHINGTON, Feb 18 (Reuters) - Formus Communications Inc., provider of high-speed and other broadband telecommunications services in Europe using mainly wireless networks, asked the Securities and Exchange Commission on Friday for permission to withdraw its planned $150 million initial public offering. The Denver-based company said a change in the senior management of Formus ``does not make a public offering of the company's securities feasible at this time,' according to a letter sent to the SEC. Formus, had not set terms for its planned IPO in a prospectus filed with the SEC on Oct. 7, 1999 but had sought to list its shares on Nasdaq under the symbol ``FMUS' (NasdaqNM:FMUS - news). It had planned to use the proceeds to finance the rollout of its service offerings, including broadband Internet access. Donaldson, Lufkin & Jenrette was the underwriter for the offering.

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