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To: Johnny Canuck who wrote (28651)	10/5/2000 11:05:36 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67861

Related Quotes CORV GLW LU 67 3/4 101 7/16 33 15/16 +5/8 +4 1/16 +1 delayed 20 mins - disclaimer Thursday October 5, 9:59 am Eastern Time Optical networking company WaveSplitter files IPO WASHINGTON, Oct 5 (Reuters) - Fiber optic components maker WaveSplitter Technologies Inc. has filed with the Securities and Exchange Commission to raise $115 million in an initial public offering of common stock. The number of shares and their price range will be revealed later by WaveSplitter, which applied for a Nasdaq listing under the symbol WVSP (Nasdaq:WVSP - news) Goldman Sachs will lead an underwriting group comprised of J.P. Morgan, Bear Stearns and U.S. Bancorp Piper Jaffray, it said in a filing on Wednesday. The Fremont, Calif.-based company plans to use proceeds for working capital, capital expenditures and other general corporate purposes. It also may use proceeds to build or buy an optical wafer fabrication facility and expand its existing manufacturing facilities. WaveSplitter was incorporated in January 1996 and was known as Applied Fiber Optics Inc. until February 1999. It sells its products to optical networking system manufacturers that make products such as optical amplifiers and dense wavelength division multiplexing systems for the optical networking market. Current customers include Corning Inc. (NYSE:GLW - news) and Corvis Corp. (NasdaqNM:CORV - news). WaveSplitter began selling its products in commercial volumes in December 1999. It posted net losses of $7.3 million in the first half of this year, and $13 million in 1999. Its biggest backers include Lucent Technologies Inc.'s (NYSE:LU - news) Lucent Venture Partners Inc.