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To: tech fool who wrote (25508)	3/8/2000 3:21:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68312

Hi tech fool, I was not even aware the Optical Network IPO was pending. That one and the Tellium one are companies I would break my no IPO's in the first 6 months rule for. LMDS stocks having a good day: finance.yahoo.com Wed Mar 8 3:15pm ET - U.S. Markets close in 46 minutes. Dow 9887.25 +91.22 (+0.93%) Nasdaq 4873.79 +25.95 (+0.54%) S&P 500 1369.52 +13.90 (+1.03%) NYSE Volume 1,021,901,000 Nasdaq Volume 1,713,821,000 30-Yr Bond 6.162% +0.014 INTERNET 13 +2.5% Edit Delete Compare CHIPS 13 -2.2% Edit Delete Compare CHIP EQUIP 12 -2.9% Edit Delete Compare Telecom Equip 21 -2.2% Edit Delete Compare RETAIL 8 +0.3% Edit Delete Compare SOFTWARE1 13 +1.2% Edit Delete Compare DSL 6 +1.4% Edit Delete Compare DWDM 15 -1.8% Edit Delete Compare Financials1 6 -1.6% Edit Delete Compare Carriers1 6 -0.2% Edit Delete Compare Telecom Construction1 3 -0.8% Edit Delete Compare networkers1 4 +0.5% Edit Delete Compare Contract Manufacturers 4 -2.2% Edit Delete Compare Tier 2, D-WDM 14 -2.8% Edit Delete Compare Broadband Cable 1 7 +3.0% Edit Delete Compare Harry's current watchlist 33 +0.1% Edit Delete Compare DOW 10 +0.7% Edit Delete Compare DRUGS 4 +6.3% Edit Delete Compare XML 15 -0.5% Edit Delete Compare Internet Security 20 +6.7% Edit Delete Compare Supercoductors 5 -3.2% Edit Delete Compare Bull Sector-optical 84 -1.5% Edit Delete Compare Satellite Stocks1 3 -1.1% Edit Delete Compare

To: tech fool who wrote (25508)	3/8/2000 4:44:00 PM
From: Johnny Canuck	Respond to of 68312

Optical Networks (ONI) will file for ipo this week ....GSCO the lead

To: tech fool who wrote (25508)	3/10/2000 1:22:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68312

Friday March 10, 1:04 pm Eastern Time ONI Systems seeks to raise $115 mln in IPO WASHINGTON, March 10 (Reuters) - ONI Systems Corp., maker of all-optical networking equipment that is designed to reduce bandwidth and service bottlenecks, on Friday filed to raise $115 million in an initial stock offering. The company, based in San Jose, Calif., said its equipment can help build networks that are flexible and scalable, as well as support multiple services on a single platform, according to a preliminary prospectus filed with the Securities and Exchange Commission. Optical products transmit data using pulses of light rather than electricity and the company, which plans to change its name to ONI Systems Corp. from Optical Networks Inc. in conjunction with the IPO, said its products are designed for regional and metropolitan networks. Last year, ONI Systems had $3 million in revenue and posted $43.3 million in net losses, the prospectus showed. The company said it plans to use the net proceeds from the IPO for working capital, capital spending, possible acquisitions and other general corporate purposes. It did not disclose how many shares it plans to sell in the offering, or the per-share price, details expected in future filings. In December, Nortel Networks Corp. obtained a temporary order against several of its former employees who now work for ONI Systems, prohibiting them from soliciting current Nortel Networks employees and using certain trade secrets, the filing said. One unidentified former Nortel Networks employee has been prevented from working for ONI Systems at this time. The order stems from an October 1999 suit that seeks to prevent ONI Systems from hiring more Nortel Networks employees and banning the use of certain trade secrets. While the company did not reveal which employees are the subject of the suit, the prospectus showed Kenneth Calhoun, vice president of marketing, and Martin Desroches, vice president of operations, both came from Nortel Networks. Hugh Martin, 46, has been president and chief executive officer at the company since January 1998. The $115 million figure in the IPO filing is merely a basis for calculating the SEC registration fee, the company said. It has applied to trade its shares on Nasdaq under the symbol ``ONIS' (Nasdaq:ONIS - news) once it goes public. Goldman, Sachs & Co., Banc of America Securities LLC, Chase H&Q and Robertson Stephens are the underwriters for the stock sale.