Savvis Share Price Dips Below $1; CEO McCormick Discusses 2001 Outlook

INTERNET WATCH

HERNDON, Va.: In an exclusive interview with Inside Market Data, Rob McCormick, Savvis' chairman and CEO, discusses the year ahead for the networking company, whose share price fell to a low of $0.75 last month.

McCormick tells IMD that the company plans to finance its 2001 cash needs with an infusion of another $200 million. The funding probably will involve an equity-based private placement, with potential investors including Welsh, Carson, Anderson & Stowe (owner of 16 percent of Savvis' c

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: