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Technology Stocks : Tellium

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To: Sir Auric Goldfinger who wrote (47)8/8/2001 11:36:16 AM
From: RockyBalboa  Read Replies (1) of 72
 
Maybe the goin is good. I have not seen the news. A bit dated but still true. Quite some shares to chew.
At which prices would the MMs eat the larger blocks?

Tuesday July 24, 12:52 pm Eastern Time
Tellium files to resell 21.6 mln shares
NEW YORK, July 24 (Reuters) - Telecommunications equipment maker Tellium Inc. (NasdaqNM:TELM - news) on Tuesday said it has filed a shelf registration with the Securities and Exchange Commission to resell up to 21.6 million shares of its common stock.

The company said in a statement the shares will be resold only upon expiration of ``lock-up'' agreements with the underwriters of its initial public offering.

Oceanport, New Jersey-based Tellium said the filing relating to the registration was submitted to the SEC but has not yet become effective. Company officials were not immediately available to elaborate on the registration.

Shares of Tellium edged down 20 cents to $13.85 in early-afternoon trade on Nasdaq.
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