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Short Take: Net telephony firm Clarent files for IPO

Clarent, an Internet telephony startup, has filed with the Securities Exchange Commission for an initial public offering of stock, expected to raise $73.6 million. The price of the stock and number of shares have not been determined. Clarent sells components that allows businesses to send faxes and make calls over an IP network.

Clarent, an Internet telephony startup, has filed with the Securities Exchange Commission for an initial public offering of stock, expected to raise $73.6 million. The price of the stock and number of shares have not been determined. Clarent sells components that allows businesses to send faxes and make calls over an IP network.