CNBC Interview:
207.235.5.146
Noam Lotan, CEO of MRV Communications (MRVC, CMGI, JNPR,
CSCO)
Company to buy Fiber Optic Communications
Reported earnings in line with expectations
Develops, makes and sells fiber optic components and computer
networking devices.
Over 80% of sales come from networking products
Opened 50,000 square foot photonic facility to accommodate growth and
is dedicated to research and development
Approximately 824 employees worldwide
Went public December 1992, founded in 1988
Mr. Lotan said:
Sharpening focus on optical, getting rid of non-optical. In the business
of creating and managing growth opportunities in the optical space. Like
CMGI, a company of companies. Business is to manage fiber optic
companies. Initially in data networking, moving forward to the optical
business, was the core business from the day they started.
Do manufacture products, but business model is such that they are
preparing to spin off the operating unit.
Mark Haines asked this is a prudent move?
Mr. Lotan said:
The opportunities are enormous. The optical space is in full growth.
They need to structure those operations independently, each with their
own charter, following their own destiny. Trying to create entities
focusing on a specific purpose-i.e. optical access division, in this case
can talk about full-scale acquisition.
Charlotte's Web operations:
Addressing a multi-billion dollar opportunity. Company is addressing the
core of the Internet infrastructure, right down to space currently
occupied by JNPR and CSCO. Charlotte launching into that space.
Charlotte has its own router, has an opportunity which is interesting
because can tie the old world telephony to the new IT based economy.
siliconinvestor.com
Bid now $101 9/16, Ask $96 13/16.
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