METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0165

-8.3%

Dec 12 9:30 AM EST

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To: Rich Wolf who wrote (2480)	11/9/2000 2:58:52 PM
From: Sir Auric Goldfinger	Read Replies (1) of 3376

FACT: anotehr withdrawn communciations financing: "Eschelon Telecom IPO Withdrawal Cites Mkt Conditions 11/9/0 14:32 (New York) ISSUER: ESCHELON TELECOM INC. SYMBOL: X.TEM WASHINGTON (FFBN)--Eschelon Telecom Inc. said it's withdrawing its pending initial public offering for up to $172.5 million in common stock, according to a filing with the Securities and Exchange Commission Thursday. The company said the registration statement is being withdrawn because of "unfavorable market conditions and timing considerations." The company originally filed its IPO with the SEC on April 14. The deal was to be underwritten by CS First Boston, Bear Stearns & Co., J.P. Morgan Securities and Banc of America Securities. Eschelon, based in Minneapolis, provides facilities-based broadband voice and data services to small and medium-sized business customers in select markets in the western U.S. Net offering proceeds would have been used to fund capital expenditures for deploying its network, to fund operating losses in connection with expanding its business and for working capital and other general purposes. -Brian Coyle; 202-628-7695 (END) FEDERAL FILINGS-DOW JONES NEWS 11-09-00 14:3211/09/00 14:32

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