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Home > Company Index > Telecommunications > Internet & Online Service Providers > Novo Networks

Novo Networks
Nasdaq: NVNW
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 NEWS FROM THE WIRES
Nasdaq requests additional information from Novo Networks
Jul 30 2001 02:46 PM PDT

Five Novo Networks units seek Chapter 11 protection
Jul 30 2001 12:58 PM PDT

More WIRE STORIES about this company

 PROFILE
Novo Networks, formerly known as eVentures Group, is evolving. The company is developing a facilities-based broadband network that now reaches more than 30 cities in Asia, Europe, the Middle East, and North and Central America. It offers voice and data transport (including Internet access) targeted to communications carriers, ISPs, and large corporate and government clients. Qwest Communications has accounted for about two-thirds of the company's business. Novo Networks has investments voice-over-Internet-protocol (VoIP) firm PhoneFree.com and technology-based marketing company ORB. Dallas-based investor Clark K. Hunt (son of oilman and Kansas City Chiefs founder Lamar Hunt) owns about 55% of the company.

 COMPETITION
AT&T Corp. (T)
British Telecommunications plc (BTY)
WorldCom, Inc. (dossier)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 55.40
1-Yr. Sales Growth: 103.3%
Employees: 130
Revenue per employee: $426,153.85

 KEY PEOPLE
• Jeffrey A. Marcus
    CEO
• Daniel J. Wilson
    CFO

 CONTACT INFO
300 Crescent Ct., Ste. 800
Dallas, TX 75201
US
Phone: 214-777-4100
Fax: 214-777-4101
Online: Web Site

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