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ShoreTel announces terms

June 11, 2007

ShoreTel, a leading provider of IP telecommunications systems for enterprises, filed an amended S-1 registration form with the SEC on Monday. ShoreTel plans to offer 7.9 million shares at a price range of $8.50-$10.50. If priced at the midpoint, the company's market capitalization will reach $391 million. Lehman Brothers and J.P. Morgan are the lead managers on the deal.