This will be a huge IPO when it happens. Corvis is trying to be a major player in the field of all optical networking with products that include optical transmitters/receivers, amplifiers, multiplexers and an optical routing switch. They are, I'm sure, on CSCO's shopping list, but I was told (not sure how reliable the source is) that they have already turned down an offer as they want to take on CSCO's market share. This is one to watch.
Julie
Products: corvis.com
Williams purchases $200 million worth of equipment:
corvis.com
Corvis Corporation Files Registration Statement for Initial Public Offering
COLUMBIA, MD (May 4, 2000) ? Corvis Corporation today announced that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The shares will be offered by an underwriting group managed by Credit Suisse First Boston, Robertson Stephens, Banc of America Securities LLC, Chase H&Q, J.P. Morgan & Co, and CIBC World Markets.
When available, copies of the preliminary prospectus relating to these securities may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Prospectus Department, New York, New York 10010-3629, phone 212-325-2580.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state. The offering of these securities shall be made only by means of the prospectus contained in such effective registration statement. |
