Neopoint (NEOI) -- Smart Wireless Phones Message Board

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Technology Stocks : Neopoint (NEOI) -- Smart Wireless Phones

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To: Lost to Voodoo who wrote (37)	7/28/2000 6:04:35 PM
From: Walter Morton	of 38

NeoPoint Withdraws IPO WASHINGTON (Reuters) 7/28/2000 - NeoPoint Inc., whose SmartPhones integrate voice, data transmission and Web access services, withdrew on Friday a $75 million initial public offering, saying terms in the market were not favorable. The La Jolla, Calif.-based company, whose major backers include Siemens AG (SIEGn.DE), the German industrial group, said the IPO would have been a discretionary financing. ``The company does not believe that completing a discretionary financing on potentially unfavorable terms would be in the best interests of the company and its stockholders,'' it said in a Securities and Exchange Commission filing. The IPO was to be handled by Merrill Lynch, Chase H&Q, Donaldson Lufkin & Jenrette and U.S. Bancorp Piper Jaffray. NeoPoint had applied for a Nasdaq listing under the symbol ''NEOI'' (NasdaqNM:NEOI - news).

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