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Technology Stocks : 360networks formerly Worldwide Fiber Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Digital-Fluid.com who wrote (93)4/17/2000 4:31:00 PM
From: Chris K.  Read Replies (1) | Respond to of 125
 
Interesting link you have there Digital-Fluid.

I called TD after reading your article and asked them about it. They responded that they still have no more news and that they don't know when the books will be open. He did direct me to an article from the Globe and Mail which mentions 360networks and how they will hesitate to IPO the company if the market doesn't improve.

EDIT:The direct link was wayyyy to long to provide.
You can all go to
globeandmail.com
and type 360networks in the 7 day search engine. It will give you the article I am talking about.

BTW, does anyone know if this can all be done this fast. TD still doesn't know how the allocation of shares will be made and they don't know when it will be done. On the other hand, we have articles stating that pricing might occur on Wednesday and trading on Thursday ??? When will all the shares be put into the accounts (for those who are lucky enough to get the IPO). It sure seems to me that everything is acccelerating on a very high pace at this point.

Chris K.



To: Digital-Fluid.com who wrote (93)4/18/2000 8:03:00 PM
From: Digital-Fluid.com  Read Replies (2) | Respond to of 125
 
$12-$14 Price

The price range for the much anticipated 360Networks' IPO is $12-$14 per share. It is scheduled to trade on the Nasdaq (TSIX) and TSE (TSX) on Thursday.

I am loading up on Shaw Communications (SJR, SJRb.to), GT Group Telecom (GTTLB, GTGb.to), AND Canadian National Railway (CNI, CNR.to). They all have equity stakes in 360Networks. Renaissance Capital has chosen 360Networks as this week's IPO:

It is a rapidly growing fiber network operator with ambitious plans for a worldwide network by the end of 2001. The company is laying fiber both in the ground in the Americas and Europe and undersea connecting the continents. With demand for data services growing at an exponential rate, 360networks should have little trouble finding customers. In addition, 360networks has an excellent management team led by the former CFO of Microsoft, Greg Maffei and including Michael Dell and Dr. Nathan Myhrvold, the current CTO of Microsoft, on their advisory board and John Malone of Liberty Media on their Board of Directors. While competition is fierce in this emerging area and prices are falling, this is a strong company with excellent growth prospects.