Chorum Technologies Withdraws Initial Public Offering.Business Editors RICHARDSON Richardson, city (1990 pop. 74,840), Dallas and Collins counties, N Tex., a suburb of Dallas; founded in the 1850s, inc. as a city 1956. Richardson manufactures telecommunications equipment, medical devices, supercomputers, computer chips, and fiber optics. , Texas--(BUSINESS WIRE)--March 15, 2001 Chorum Technologies Inc., today announced that in light of current market conditions, it has submitted an application to withdraw its Registration Statement with the Securities and Exchange Commission. [pilcrow (paragraph sign)] "Because of market conditions at the present time, we have withdrawn our registration for an initial public offering," said Scott Grout Grout A binding or structural agent used in construction and engineering applications. Grout is typically a mixture of hydraulic cement and water, with or without fine aggregate; however, chemical grouts are also produced. , Chorum Technologies' president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Product, customer and company development remain solidly on track and we will be closely monitoring the public markets as we go forward." About Chorum Technologies Chorum Technologies Inc. is a leading innovator of all-optical processors and subsystems in the fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive fiber-optics market. Chorum Technologies' PolarWave(TM)family of optical filtering, switching, routing and processing technologies enables networks that are faster, more flexible and more cost effective than today's networks. Chorum Technologies Inc. was founded in 1996 and is based in the Telecom Corridor(R)of Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. . For more information, visit www.chorumtech.com. PolarWave(TM) is a trademark of Chorum Technologies Inc. Telecom Corridor is a registered trademark of the Richardson Chamber of Commerce. |
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