Market Withdrawal

San Francisco -- December 12, 2000 -- VENTUREWIRE -- The sporadic market prompted Moai Technologies, an e-commerce negotiation provider for online auctions, online procurement and e-marketplaces, to withdraw its planned $75 million initial public offering last week, according to documents filed with the SEC.

The San Francisco-based company filed a preliminary prospectus last April and was set to be listed under the symbol "MOAI."

The negotiation company is backed by Andersen Consulting, BroadVision, Hewlett-Packard, Intel, Merrill Lynch, Reuters and UPS.