Jean-Michel, glad to see you in MRVC, and welcome to the growing number of new posters. Heres something you may not have come accross in your research. I thought this may be of interest to us all when perusing through old posts on the IN board. This is the article we have mentioned several times. I think it still holds value even though its 4 1/2 months old. Lets see what MRVC has lived up to, and please notice the second to the last paragraph. This should not be taken as an end all be all from Noam Lotan. However, it does explain some of our positions regarding the third quarter earnings.
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>>>MRV Communications Inc, which has seen revenues double each of the last five years, said on Monday that it hopes to continue that trend, with growth coming largely from its network products.
Chief executive officer Noam Lotam, speaking at the annual Bear, Stearns technology conference here, said that, based on an annualized first-quarter run rate of $60 million, meeting such a goal was possible, though there was no assurance that the company would do so.
MRV saw $39.2 million in revenues in 1995 and $17.5 million the year before that.
MRV saw 1996 first quarter revenues of $15.5 million.
"The momentum is continuing quite strong," Lotam said.
The executive said most of the company's current growth is coming from its high-speed local-area network switching products, which it sells through its NBase subsidiary and which Intel Corp <INTC.O> resells under its own brand name.
MRV also makes "optoelectronic" products for fiber-optic networks.
Lotam declined comment when asked about a possible expansion of MRV's alliance with Intel.
MRV hopes to introduce gigabit ethernet products in the fourth quarter of this year. Such devices would make network communications possible at up to 1,000 megabits per second.
MRV has just started shipping its MegaSwitch II product, which provides a gigabit network backbone and automatically senses whether workstations are running at speeds of 10 megabits or 100 megabits per second, allowing greater versatility for each port on the switch.
Lotam said he hopes the MegaSwitch II will have a "tremendous impact" on MRV's third-quarter revenues.
The product improves on MRV's MegaSwitch, and costs half as much to produce, Lotam said, though he noted that prices will probably come down as competitors come on the market with similar devices.<<<
Makes you wonder huh.....
5 days and counting......
Regards,
Sam
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