FROM HOOVER'S IPO CENTRAL:
Avanex Corporation
Industry: Switching & Transmission Equipment
40919 Encyclopedia Circle
Fremont, CA 94538
Phone: 510-897-4188
Fax: 510-897-4189
avanex.com
Avanex has a tonic -- a pho-tonic -- for sluggish optical
networks. Communications service providers and networking equipment makers use the company's miniature photonic processors to help increase the speed and capacity of fiber-optic networks. These processors work in part by compensating for optical signal problems during transmission. Osicom, MCI WorldCom, and Hitachi together account for nearly 95% of sales. Most sales are in North America, but the company has formed distribution pacts with representatives in Europe and Japan. Entities affiliated with venture capital firms Crosspoint Venture Partners, Sequoia Capital, JAFCO America Ventures, and Mayfield Fund own about 60% of Avanex.
Top Competitors:
Chorum Technologies
E-Tek Dynamics
JDS
Uniphase
Underwriters:
Morgan Stanley Dean Witter; Lehman Brothers; Robertson, Stephens & Company; U.S. Bancorp Piper Jaffray
1999 Sales (mil.): $0.5
1999 Net Inc. (mil.): ($9.2)
1999 Employees: 132
President and CEO:
Walter Alessandrini
SVP, Product Development:
Xiaofan "Simon" Cao
VP, Manufacturing and Vendor Management:
Paul Jiang
VP, Finance and CFO:
Jessy Chao
VP, Corporate Marketing and Investor Relations:
Anthony Florence |
