DOW JONES NEWSWIRES
Calix Networks Inc. filed plans to sell up to an estimated $100
million in stock through an initial public offering, joining the
cadre of companies making similar efforts in recent months as the
IPO market continues to revive.
The company provides systems and software that allow
communications services providers to connect to their subscribers
over legacy and next-generation networks. Calix just deals with the
providers' access networks, the portion "which governs available
bandwidth and determines the range and quality of services that can
be offered to subscribers."
In the first three quarters of 2009, it reported a loss of $25.3
million on revenue of $144.6 million, weaker than prior-year levels
of a loss of $13.2 million and revenue of $179.8 million.
Telecommunications and information-technology spending has been
weaker this year.
Calix was founded a decade ago and had 401 employees as of Sept.
26. It may use proceeds for purposes including debt-repayment and
acquisitions.
The company plans to list its stock on the New York Stock
Exchange under the symbol CALX.
-By Kevin Kingsbury; Dow Jones Newswires; 212-416-2354;
kevin.kingsbury@dowjones.com