| | From WSJ.com...
September 22, 2000
Optical-Gear Firm Tellium
Files for Initial Public Offering
A WSJ.COM News Roundup
Tellium Inc. has registered to sell as much as to $250 million of
common stock in an initial public offering, according to a Friday
filing with the Securities and Exchange Commission.
The company (www.tellium.com) hopes
to take advantage of a hot market for
optical-networking companies. These
companies are developing new
technologies and services aimed at
eliminating bottlenecks that hamper
telecommunications networks and
Internet usage.
Tellium, based in Oceanport, N.J.,
designs, develops and markets optical switches that allow
network service providers to deliver new high speed services.
The company plans to use net proceeds from the offering for
general corporate purposes, including working capital and
potential acquisitions of complementary businesses,
technologies or products.
The company's investors include Thomas Weisel Partners,
Pequot Capital Inc. and Cisco Systems Inc. |
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