X10 Wireless Files IPO To Grow Home Networking Areas

Staff On Dec 4 2000 - 8:00am

SEATTLE -Home networking company X10 Wireless Technologies, which hopes to capitalize on the surging demand for wireless home networking, has filed for an IPO that could raise as much as $75 million. The company, which was spun out of home automation vendor X10 (USA) Inc. more than a year ago, recorded a net loss of $5.6 million on sales of $15.9 million, during its last full reporting year.