Sneaker maker Converse Inc has been forced to cancel a conference call to talk about its planned $86 million stock offering following stock market uncertainties over the start of the war in Iraq.

The initial public offering, which was registered in December, marks Converse's rebound from bankruptcy and a rise of more than 30 per cent in net revenue the first nine months of 2002.

However, it still hasn't launched a preoffering "roadshow" for big investors, or set a firm offering date - and is now unlikely to do so until there's more clarity in Iraq.