Further research
Note - no p/e because ONIS and NUFO don't have earnings - average price/sales of 300 - 400; EXFO at p/e of 143 and 19.85 p/s, DIGL at P/E of 238.94 and p/s of 41.27
DIGL - closest competitor I could find. Is tech comparable??
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biz.yahoo.com
sec.gov
No filings list EXFO as a competitor
OP - Offer price - NT - Now trading
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ONIS - OP 25 NT 102
ONI Systems can see the future, and it's all about speed. The company, formerly Optical Networks, makes fiber-optic communication equipment that enable metropolitan and regional networks to add services without sacrificing speed. Its Dynamic Transport System combines an optical network operating system (OPTX), a protocol that lets routers and switches exchange information (OLMP), and a transfer platform (ONLINE family) that features add-drop capabilities for speeding up transmissions and ampfliers for extending the range of transmissions. Customers include COLT Telecom and Williams Communications. Mohr, Davidow Ventures owns 12% ONI Systems; Kleiner Perkins Caulfield & Byers owns another 11%.
hoovers.com
1999 Sales (mil.): $3.0
1-Yr. Sales Growth: 75.1%
1999 Net Inc. (mil.): ($43.3)
1-Yr. Net Inc. Growth: --
1999 Employees: 202
1-Yr. Employee Growth: --
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NUFO - New Focus OP 20 - NT 99
New Focus wants to take advantage of telecom providers' new focus on fiber-optic networks. The company makes fiber amplifiers, wavelength management equipment, and optoelectronics that boosts the capacity and speed of networks, plus laser modules and photonics tools used in the manufacture and testing of fiber-optic gear and networks. New Focus sells directly and through distributors to optical networking suppliers such as Agilent, Alcatel, Corning, JDS Uniphase, Nortel Networks, and Pirelli. Nearly three-quarters of its sales come from the US. New Focus is boosting manufacturing capacities in China. Co-founder and chairman Milton Chang 18% of the company.
For the three months ended 3/31/00, net revenues totaled $9.8 million, up from $4.7 million. Net loss totaled $12.5 million, up from $1.6 million. Results reflect increased sales of telecom products, offset by negative gross margins
1999 Sales (mil.): $17.3
1-Yr. Sales Growth: 11.6%
1999 Net Inc. (mil.): ($5.0)
1-Yr. Net Inc. Growth: --
1999 Employees: 390
1-Yr. Employee Growth:
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CORV - NOT YET TRADING
Corvis thinks it knows the fastest route to telecommunication service. The company makes switching and routing equipment that forms the backbone of high-bandwidth optical networks. Corvis' transmission equipment includes amplifiers, gateways, multiplexers, and switches, and a software-based network management system. The company currently has two customers -- Broadwing Communications and Williams Communications -- but plans to expand its marketing and sales efforts worldwide. Founder and CEO David Huber (he also founded CIENA) controls 32% of Corvis' stock; venture capital firm Kleiner Perkins Caufield & Byers owns 12% of the company; and Cisco owns 6%.
1999 Sales (mil.): $0.0
1-Yr. Sales Growth: --
1999 Net Inc. (mil.): ($71.3)
1-Yr. Net Inc. Growth: --
1999 Employees: 476
1-Yr. Employee Growth: --
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