MRVC, ended up 5 15/16. A Linux play of sorts that blew over the resistance that I mentioned in the post yesterday. The clean break puts it at an all time high. This has been of my better trading stocks this year. Moves reliably.
Got positive mention in today's Barrons as well.
Here's a recent piece mentioning the Linux tie in but the company is much more than just that. Good SI thread on MRVC too.
Tuesday November 30, 8:31 am Eastern Time
Company Press Release
MRV's Linux Inter-Networking Architecture Wins
Best of Show At NetWorld + Interop
Linux Architecture Also Wins Best Networking Communications
Product Category
CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 30, 1999--NBase-Xyplex, a division of MRV Communications, Inc.
(Nasdaq:MRVC - news), today announced that it has won Corporate IT Australia Best of Show at the NetWorld + Interop
1999 show in Sydney, Australia for its Open Linux architecture. The Open Linux Inter-Networking architecture also won the
award for Best Networking/Communications Product.
Noam Lotan, president and chief executive officer commented: ''Linux powers the majority of internet service providers'
servers. We are extremely pleased that the breakthrough capabilities of our Linux architecture have been formally recognized
with this win in the Networld + Interop Best of Show Awards.''
Two elements combine to create the power of the Open Linux architecture: the Open Source Linux operating system, used as a
common interface for software and hardware internetworking applications; and a powerful hardware-processing engine,
capable of analyzing and modifying any level of the data packets.
The result is a platform capable of integrating complex internetworking applications such as routing, firewall and load balancing
with the power of hardware packet-processors, implemented in an array of programmable ASICs.
About MRV Communications, Inc.
MRV Communications, Inc. is a world class leader in optical network components and systems. The company has leveraged
its early leadership in fiber optic transmission into a well-focused range of solutions, integrating switching, routing, access
servers and optical transmission systems.
As the Internet evolves into a single global communication network, MRV has launched the development of new technologies
to drive the next generation infrastructures. Such developments encompass optical access systems, subscribers' management
systems and Linux-based solutions. MRV has initiated and funded cutting-edge, start-up companies including New Access
Communications, Charlotte's Networks, Hyperchannel and Zuma Networks. |
