View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 13, 1997updated 05 Sep 2016 12:53pm

ILLINOIS SUPERCOMPUTER POSTPONES IPO

By CBR Staff Writer

Illinois Superconductor Corporation has decided that now is not the time for high technology stock issues and it has subsequently canned its proposed public offering of shares. The Mount Prospect, Illinois based company is a developer of high temperature superconducting technology for the wireless telecommunications industry. Using materials that have nearly no resistance to electrical currents, its products are designed to improve the range of a mobile network’s base stations, increase the number of concurrent callers and filter out noise. It filed with US Securities and Exchange Commission in March this year to issue up to 1 million common shares. The company has been loss making for the last four years and funds from the public offering were to be used for product development and working capital. However, president Ora E. Smith is confident that the company still has access to sufficient sources of funding to allow it to continue with its business plan.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU