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Technology Stocks : Odetix (ODETA) best in mass data storage, going up!!! -- Ignore unavailable to you. Want to Upgrade?


To: Ashley800 who wrote (524)3/21/2000 2:45:00 AM
From: David Cecil  Read Replies (1) | Respond to of 529
 
Also it would be fun if the money managers decide not to bring down ODETA and instead run it along with ITER.



To: Ashley800 who wrote (524)3/22/2000 11:00:00 PM
From: Glenn Petersen  Respond to of 529
 
All bets are off; the Iteris offering has been postponed. I'm a bit surprised; I thought that the Iteris IPO might be a sleeper. I'm sorry that I wasn't more enthusiastic about shorting it at $30. Hope you nailed it at $20.

biz.yahoo.com

Wednesday March 22, 8:59 pm Eastern Time

Odetics postpones Iteris IPO

ANAHEIM, Calif, March 22 (Reuters) - Communications equipment provider Odetics Inc. (NasdaqNM:ODETA - news) said Wednesday it has postponed the initial public offering of its software developer subsidiary Iteris Inc.

The delay means that Odetics' spinoff of Iteris through a stock dividend to shareholders will also be delayed, the company said.

The company cited recent volatility of the public equity markets as one of the primary reasons for the postponement.

Odetics did not quantify the postponement. Odetics announced in December it was planning an IPO ofIteris.