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Technology Stocks : ILX Lightwave (ilxl) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (5)	10/10/2000 2:30:16 PM
From: Michael P. Michaud	Respond to of 11

sory, ray, here is the PR from Reuters: -------------------------------------------------------------------------------- <<<Monday October 9, 5:16 pm Eastern Time ILX Lightwave sets IPO at 5 mln shares, $15-$17 each WASHINGTON, Oct 9 (Reuters) - ILX Lightwave Corp., which makes test and measurement equipment for the optical components market, has set the terms of an initial public offering at 5 million common shares in a range of $15-$17 each. The Bozeman, Montana-based company announced the terms in a filing on Friday with the Securities and Exchange Commission. It originally filed to go public in early September. ILX is selling 4.5 million of the shares while two stockholders, including board member Glenden Johnson, are offering the other 500,000 shares. The company predicted it will make about $66.1 million in net proceeds from the sale of its shares. The money will be used to repay $1.3 million in debt and for working capital and general corporate purposes, including expansion of manufacturing facilities. It said it will not receive any of the proceeds from the shares sold by the stockholders. Johnson, who was 74 years old as of Sept. 30, is offering 406,250 of the 10.3 million shares he holds, ILX said in the SEC filing. Johnson's 48-year-old son, Lawrence, is the founder, chairman, president and chief executive officer of ILX. The company, which has applied for a Nasdaq listing under the symbol ``ILXL'' (Nasdaq:ILXL - news), will have 36.1 million common shares outstanding when the IPO is completed. The offering is being handled by Chase H&Q, U.S. Bancorp Piper Jaffray and Wit Soundview. >>>