Force10 Networks Inc. announced Tuesday that the computer network equipment maker plans to raise $143.8 million in an initial public offering, according to Associated Press.
The company plans to use the proceeds for general corporate purposes, according to a Tuesday filing statement.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
The company will trade on the New York Stock Exchange under the ticker symbol "FTEN."
The company is run by Henry Wasik, who was a senior vice president at the French telecommunications equipment maker Alcatel-Lucent SA (NYSE: ALU) before joining Force10 as CEO in 2004.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
