To: Rande Is who wrote (21520 ) 3/1/2000 11:36:00 PM From: bglad Read Replies (1) | Respond to of 57584
UAXS IPO. Would someone be willing to read this description of upcoming IPO Universal Access, brought by Goldman Sachs, and offer an opinion as to whether it looks interesting? I'd appreciate it. bglad Business Description We are a web-enabled, business-to-business intermediary that facilitates the provisioning, installation and servicing of dedicated, point-to-point communications links, commonly known as circuits, for service providers who buy network capacity, and transport suppliers who sell network capacity. We aggregate network information, operate facilities where communications networks can be physically interconnected, provide ongoing dedicated circuit access and offer client support services. Through these services, we provide our clients with an outsourced, integrated solution to the challenges they face within a fragmented network services market. As an independent intermediary, we have been able to collect and aggregate network information from multiple transport suppliers. Our web-enabled Universal Information Exchange, or UIX, consists of several proprietary, interconnected databases containing capacity, availability, physical location and pricing information from over 35 transport suppliers and more than 75,000 physical sites. Through our UIX we provide our clients with point-to-point network connections efficiently and cost-effectively. In addition, we operate network interconnection facilities called Universal Transport Exchanges, or UTXs, where various transport suppliers can easily access the network connections of any other transport supplier in that facility. We also provide a single point of contact for network management services, including network monitoring, maintenance and restoration. Use Proceeds For general corporate purposes, including working capital, capital expenditures and potential acquisitions of complementary products, technologies and businesses. Competitors The market for the services we provide is highly fragmented. In addition, the market in which we operate is new, rapidly evolving and highly competitive.We believe that at this time no single competitor competes directly with us with respect to all of the services we offer; however, we currently or potentially compete with a variety of companies, including some of our transport suppliers, with respect to our products and services individually.We expect to face additional competition from new market entrants in the future as there are few substantial barriers to entry in our market. Significant new competitors could arise from increased consolidation and strategic alliances in the telecommunications industry.