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October 18, 2000 | From Staff and wire reports
Universal Broadband Networks Inc., an Irvine high-speed communications carrier, said it has failed to secure significant new vendor financing, creating "substantial uncertainty about the company's ability to continue operations." In a release Tuesday, the company said it requested that Nasdaq halt trading of Universal's common stock while management weighs the company's options. Universal's shares were halted Tuesday at 41 cents, down 13 cents. The stock reached a 52-week high of $20.
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BUSINESS
October 18, 2000 | From Staff and wire reports
Universal Broadband Networks Inc., an Irvine high-speed communications carrier, said it has failed to secure significant new vendor financing, creating "substantial uncertainty about the company's ability to continue operations." In a release Tuesday, the company said it requested that Nasdaq halt trading of Universal's common stock while management weighs the company's options. Universal's shares were halted Tuesday at 41 cents, down 13 cents. The stock reached a 52-week high of $20.
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BUSINESS
July 11, 2000
IJNT.net Inc., an Irvine provider of integrated high-speed communications services, said it has changed its name to Universal Broadband Networks. The company said in a press release that it changed its name to better describe the services it provides. It said the Nasdaq national market system will determine later this week when the company's new ticker symbol, UBNT, will take effect. The company's stock, under ticker IJNT, closed Monday at $4 a share, unchanged from Friday.
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