Monday, June 11, 2007

UPDATE 1-ShoreTel sees IPO of 7.9 mln shrs at $8.50-$10.50 each

(Reuters) - The company, which provides Internet protocol
telecommunications systems, said it now expects to raise up to
$95.4 million, up from the expected $85 million it had
projected earlier.




The company said it planned to use the net proceeds for
working capital, general corporate purposes and partly to
acquire technology.


Read more at Reuters.com Government Filings News

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