MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Greg h2o who wrote (41822)	1/5/2004 11:00:22 PM
From: mahler_one	Read Replies (1) of 42804

From Betonmrv on Yahoo...comments? m1 UPDATE - Advanced Fibre Comms to buy Marconi's U.S. unit Monday January 5, 5:15 pm ET PHILADELPHIA, Jan 5 (Reuters) - Advanced Fibre Communications Inc. (NasdaqNM:AFCI - News) said on Monday it agreed to acquire a North American unit of Marconi Corp. Plc (London:MONI.L - News) for $240 million in cash to expand its portfolio of fiber-optic network products for large telephone-company customers. Marconi's North American Access (NAA) business provides high-speed communications services to the Baby Bells and other large local telephone companies. Its fiber-based networks have more than four million lines of capacity. The deal is part of Advanced Fibre's efforts to expand its line of optical-access services. Advanced Fibre was named recently as one of several equipment markers to supply Verizon Communications Inc. (NYSE:VZ - News) with gear designed to improve the development of fiber networks and speed the introduction of new services such as photo sharing and interactive gaming. Petaluma, California-based Advanced Fibre said it expects the deal to boost its earnings and cash flow in 2004, excluding acquisition-related charges. The deal, subject to regulatory review and other customary closing conditions, is expected to close in the first quarter of 2004. Marconi, a British telecoms equipment maker, said it would use the proceeds of the deal to continue to cut its debt and related interest payments. Shares of Advanced Fibre closed at $19.95, up 2 cents, on Nasdaq on Monday

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