| Business Summary | | Novo
Networks,
Inc.
is
a
broadband
network
services
operating
company
that
provides
data
transport,
Internet
access
and
other
value
added
communications
services
over
a
state-of-the
art
facilities-based
network.
The
Company's
network
targets
Communications
Service
Providers,
Application
Service
Providers,
Internet
Service
Providers
and
other
emerging
service
providers.
Novo
Networks
offers
a
wide
range
of
broadband
services
and
value-added
applications.
In
July
2001,
the
Company
announced
that
it
had
begun
the
process
of
shifting
its
operational
focus
from
the
telecommunications
sector
to
its
newly
established
financial
services
division.
The
Company's
principal
operating
subsidiaries,
Novo
Networks
Operating
Corp.,
AxisTel
Communications,
Inc.
and
e.Volve
Technology
Group,
Inc,
each
commenced
voluntary
cases
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
order
to
stabilize
ongoing
operations
and
protect
their
assets
pending
implementation
of
a
plan
of
reorganization. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Novo
Networks,
Inc.
is
a
broadband
network
services
operating
company
that
provides
data
transport,
Internet
access
and
other
value
added
communications
services.
For
the
nine
months
ended
3/01,
revenues
rose
51%
to
$58.9
million.
Net
loss
applicable
to
Common
totalled
$165.8
million,
up
from
$29.9
million.
Revenues
reflect
acquisitions
and
an
increase
in
voice
and
data
traffic.
Higher
loss
suffered
from
$111.9
million
in
impairment
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Barrett Wissman, 38 Pres,
Director | $118K | Daniel Wilson, 36 Exec.
VP, CFO | -- | Mitchell Arthur, 32 Exec.
VP, Global Services and Network Devel. | 168K | David Link, 53 Exec.
VP, Global Operations | -- | Gary Allison Sr. VP, CIO | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|