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To: Lizzie Tudor who wrote (75414)	8/26/1999 1:28:00 AM
From: H James Morris	Respond to of 164684

Michelle this is a better deal. Ms,RobbyS, Dlj, and based just out of Seattle! These sluts are a perfect team. I'm up to my head on this one. Trust me> >>WASHINGTON - Illuminet Holdings, which says it operates the largest telecommunications signaling system in the United States, has filed to raise as much as $60 million in an initial stock sale. Illuminet, based in Lacey, Thurston County, says its nationwide network helps both wireless and traditional land-line telephone companies transmit phone calls. It also says it provides phone companies with the technical support to offer so-called "intelligent network services" such as caller identification and calling-card validation. Some phone companies chose not to build their own networks for these functions because of the required capital and technical support, Illuminet said in an IPO filing with the Securities and exchange Commission. Illuminet sells its services directly to telephone companies. "We believe that our independence and neutrality significantly enhance our attractiveness to the entire industry," it said in its filing. The company filed to sell common shares. The number of shares to be sold and their price will be disclosed in a subsequent filing. Illuminet says it serves more than 600 network customers, including incumbent local exchange carriers and the newer companies competing with them; long-distance companies; wireless telecommunications providers and Internet service providers. Chief Executive Roger Moore, 57, worked previously as a vice president of major accounts at Northern Telecom, the Canadian phone-equipment maker which since has changed its name to Nortel Networks. Moore also served as president of Northern Telecom Japan and as president of AT&T Canada. Illuminet's backers include Spectrum Equity Investors of Palo Alto, Calif., and Telephone & Data Systems of Chicago. They hold, respectively, 15.9 percent and 11.2 percent stakes in the company. Illuminet says it plans to use the stock sale proceeds to fund potential acquisitions, to develop new and better services and to maintain and expand its network equipment and infrastructure. The company reported profit of $4.46 million on revenue of $45.1 million for the six months ending June 30, compared with profit of $2.35 million on revenue of $31.6 million for the same period a year earlier. Illuminet hired Morgan Stanley Dean Witter to underwrite the stock sale with BancBoston Robertson Stephens & Co. and Donaldson Lufkin & Jenrette The company wants to have the shares listed for trading on the Nasdaq Stock Market under the symbol ILUM, the filing said<<