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BUILDNET, INC.
4813 EMPEROR BOULEVARD, SUITE 130
DURHAM, NORTH CAROLINA 27703
October 24, 2000
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Michael H. Hurwitz
Re: BuildNet, Inc.
Registration Statement on Form S-1 (Reg. No. 333-32808)
Ladies and Gentlemen:
Pursuant to Rule 477 of the Securities Act of 1933, please accept this
letter as a request for the Commission's consent to the withdrawal of our
Registration Statement referenced above. The offering contemplated by this
Registration Statement has been terminated due to unfavorable market conditions
in our industry, as indicated by the IPO market for comparable companies and by
the reductions in the stock prices of comparable public companies over the past
few months. In addition, please be advised that BuildNet has not printed or
circulated preliminary prospectuses, nor made any offers under the Registration
Statement.
Upon grant of the Commission's consent hereto, please return a dated copy
of the order granting such withdrawal, which order shall state "Withdrawn upon
the request of the registrant, the Commission consenting thereto," and which is
to be included in the file for the Registration Statement.
Otherwise, please direct all inquiries to Donald R. Reynolds at (919)
781-4000.
Respectfully,
BUILDNET, INC.
/s/ Stephen L. Holcombe
--------------------------------
Stephen L. Holcombe
Chief Financial Officer
cc: Donald R. Reynolds, Esq.
