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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (4843)	10/4/2000 1:35:44 PM
From: Nick Morvay	Respond to of 5053

iTech's Elastic becomes a public company iTech Capital Corp ITE Shares issued 30,374,357 Oct 3 close $0.82 Wed 4 Oct 2000 News Release Mr. Jim Graham reports iTech Capital became a public company on Sept. 29, 2000, through an initial public offering led by the investment banking group, Chase H&Q. The 7.8 million shares offered were priced at $13 (U.S.). iTech Capital owns 281,479 shares acquired at a cost of $5.33 (U.S.) per share. Elastic Networks, headquartered in Alpharetta, Ga., designs and markets next-generation DSL, high-speed digital subscriber line products. DSL allows service providers to provide customers with broadband Internet access over existing copper phone wires by using digital signals. Elastic's proprietary technology called EtherLoop, a blending of DSL and Ethernet, uses burst packet delivery, which minimizes many of the more serious side effects of conventional DSL services. The company was formed in January, 1997, by Nortel Networks Inc., and began operating as an independent concern in May, 1999. Following the IPO, Nortel Networks Inc. and Nortel Networks Limited own approximately 46 per cent of Elastic's outstanding shares. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com