PointCast officially withdrew its Registration Statement for an initial public offering on July 15. In a statement, PointCast President-CEO David Dorman said recent business opportunities had emerged. ``In order to hold strategic partnership discussions without legal constraints, the company was obliged to request the withdrawal of its Form S-1 Registration Statement with the SEC,'' Mr. Dorman said. PointCast filed for an IPO on May 14.
Copyright July 1998, Crain Communications Inc.