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Technology Stocks : Tellium -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (37)	9/23/2000 11:17:42 AM
From: William F. Wager, Jr.	Respond to of 55

From WSJ.com... September 22, 2000 Optical-Gear Firm Tellium Files for Initial Public Offering A WSJ.COM News Roundup Tellium Inc. has registered to sell as much as to $250 million of common stock in an initial public offering, according to a Friday filing with the Securities and Exchange Commission. The company (www.tellium.com) hopes to take advantage of a hot market for optical-networking companies. These companies are developing new technologies and services aimed at eliminating bottlenecks that hamper telecommunications networks and Internet usage. Tellium, based in Oceanport, N.J., designs, develops and markets optical switches that allow network service providers to deliver new high speed services. The company plans to use net proceeds from the offering for general corporate purposes, including working capital and potential acquisitions of complementary businesses, technologies or products. The company's investors include Thomas Weisel Partners, Pequot Capital Inc. and Cisco Systems Inc.