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February 02, 2007

BigBand Investor Jets Before IPO

posted by MR WAVETHEORY at 2/02/2007 12:05:00 AM
ADC is selling its stake in BigBand before the IPO. BigBand is a dotcom darling that has survived the bust founded in 1999. You can read the S-1 here.

US telecommunications networking equipment manufacturer ADC (Nasdaq: ADCT) has announced the sale of its holdings in the start-up BigBand Networks Inc., a producer of platforms for multimedia services, for $59 million. The announcement has drawn attention because of its timing, as BigBand prepares for its upcoming IPO on Nasdaq. The company hopes to raise $140 million.

ADC did not disclose the name of the buyer although sources inform ''Globes'' that it is apparently one of BigBand’s major shareholders, Redpoint Ventures.

A very bullish posting on the BigBand IPO. This is why the BigBand IPO is going to be exciting.

* The company has been building their business for long time, seven (7) years.
* They have a strong customer base of cable centric service providers
* They are a significant supplier to Verizon and the FiOS program
* They are profitable

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