Gleened from Efficient Networks' earnings report:
For the quarter ended September 30, 1999, sales to four customers, American Communications Supply, Inc., a distributor for Southwestern Bell, America Online, Inc., Innotrac Corporation, a distributor for BellSouth, and Lucent Technologies each represented more than 10% of the company's net revenues. The company expects to continue to be dependent upon a relatively small number of customers in future periods, although the specific customers may vary from period to period.
Looks as though LU's OEMing their ADSL solutions from EFNT. This has to affect their margins. Would they be likely to eat the difference and make it up in some other part of the network?
LU was the traditional CAP hold-out and with the JPC contract specifying ETSI/ANSI standard DMT, possibly they had to go outside to fit the specs.
Just surmising.
Pat |
