Accelerated Networks Inc. Files Registration Statement for Initial Public Offering.Business Editors MOORPARK, Calif.--(BUSINESS WIRE)--March 6, 2000 Accelerated Networks Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Common Stock. Accelerated Networks develops and markets telecommunications products that enable the bundling of voice and data services over a single broadband access See broadband and wireless broadband. network. Accelerated products enable service providers to offer their customers a broad range of bundled voice and data services such as high-speed Internet See broadband. access, local dial tone, long-distance voice, frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , voice and data virtual private networks, or VPNs, and other widely used telecommunications services. Accelerated products also enable service providers to leverage emerging technologies, such as voice over DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary , or VoDSL, and frame relay over DSL, or FRoDSL, over a single broadband access network. The terms of the public offering have not yet been disclosed and offers will only be made by prospectus. The public offering is being managed by an underwriting group led by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. . Dain Rauscher Wessels and Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control are co-managers of the offering. A registration statement on Form S-1 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy the Common Stock, nor shall there be any sale of the Common Stock in any state in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification of the Common Stock under the securities laws of any such state. About Accelerated Networks Accelerated Networks is a leading supplier of multiservice broadband access solutions to telecommunications service providers. These solutions enable providers to offer a wide range of toll-quality voice and high-speed data services over a single DSL, T1, or DS3 access line, with advanced service provisioning and network management features. Based on open industry standards in order to simplify multi-vendor interoperability, Accelerated Networks offers all three components of a complete multiservice broadband access solution: NEBS-compliant regional POP voice gateways and central office concentrators, and customer premises carrier-class integrated access devices (IADs). For additional information, visit www.acceleratednetworks.com. |
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