Here's a little more info on ABOV
ipocentral.com
AboveNet Communications, Inc.
indicates features for Hoover's Online Members only.
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50 W. San Fernando St., Ste. 1010
San Jose, CA 95113
Phone: 408-367-6666
Fax: 408-367-6688
Web Site: abovenet.com
IPO
INFORMATION
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Filing date: September 10, 1998
Expected IPO date: TBA
Exchange: Nasdaq
Proposed ticker: ABOV
Post-offering shares (mil.): 57.5
Underwriters:
CIBC Oppenheimer; Volpe Brown Whelan & Company
KEY NUMBERS
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Fiscal Year-End: June
1998 Sales (mil.): $3.4
1-Yr. Sales Change: 523.6%
1998 Income (mil.): $(5.4)
Employees: 71
KEY PEOPLE
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CEO: Sherman Tuan
CFO: Stephen P. Belomy
HR: Barbara Meese
AboveNet Communications provides outsourced Internet hosting and connectivity services (often dubbed "co-location" or "co-hosting") to companies that depend on the Web to do business. AboveNet combines fault-tolerant facilities in California and Virginia with direct Internet service provider (ISP) access to reduce the number of network connections, or hops, data must make as it is transmitted. Its 300 customers include Supernews (Web discussion and access services, 14% of sales), Liquid Audio (online music delivery), and Internet Gateway (a Canadian ISP). AboveNet markets its services through a direct sales force and through partnerships with value-added resellers, system integrators, and Web hosting services.
Additional Sources of Information
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