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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Theophile who wrote (11182)	5/13/2001 6:34:18 PM
From: Theophile	Respond to of 15615

Re Telergy (thanks Teddy): "Oh, I forget if I told you that the Telergy IOP was withdrawn": February 12, 2001 Telergy, Inc., a Delaware corporation (the "Registrant") hereby applies for an Order granting the immediate withdrawal of its Registration Statement on Form S-1, File No. 333-36742, together with all exhibits and amendments thereto (the "Registration Statement"). The Registration Statement was originally filed with the Securities and Exchange Commission on May 10, 2000. The Registrant believes that the terms obtainable in the marketplace at this time are not sufficiently attractive to warrant proceeding with the public offering contemplated by the Registration Statement and that completing a discretionary financing on unfavorable terms would not be in the best interests of the Registrant or its stockholders at this time.... ... The Registrant hereby also informs the Staff that it may undertake a subsequent private offering in reliance on the integration safe harbors set forth in new Rule 155(c) promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended, on January 26, 2001. The Registrant is aware of the March 7, 2001 effective date of new Rule 155. " <<<<<>>>>> and <<<<<>>>>> "Global Crossing is building metropolitan fiber rings in 10 or 12 cities in the U.S., sometimes by leasing conduit from other carriers such as Level 3 Communications, sometimes partnering with carriers such as Telergy in New York. " from Jopawa #10333 on GX thread. <<<<<<<>>>>>>>> and <<<<>>>>> Telergy reports record revenue, expectations for network build opticalnetbiz.com Telergy Inc., a Syracuse, N.Y.-based developer of high-speed fiber-optic networks and provider of bundled broadband services in the Northeastern United States, announced today it successfully secured $62 million in contracted revenue during the first quarter of 2001, which it said was a 332 percent increase over the same period a year earlier. According to the company, its total of $175 million in new contracts in the last two quarters has produced $102 million in cash received over the past four months. Telergy also said that, during the current quarter, it expects to meet its goal of completing a 2,700-mile fiber-optic network serving North America's population-dense corridor from Montreal through New York, New Jersey, Pennsylvania and on to Washington, D.C. / Apr 11, 2001, 3:20 PM <<<<>>>> MartinT