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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Greg h2o who wrote (18795)	2/10/2000 5:07:00 PM
From: James Calladine	Respond to of 42804

MRVC, THE ROADMAP: Cabletron Systems Announces Plan to Transform Business and Establish Four Independent Operating Companies ROCHESTER, N.H.--(BUSINESS WIRE)--Feb. 10, 2000-- Fundamental transformation increases ability to respond to evolving market needs Cabletron Systems (NYSE:CS) today announced that it plans to fundamentally transform its business through the formation of four independent operating companies. These companies--Riverstone Networks, Enterasys Networks, Global Network Technology Services, and Aprisma Management Technologies--will focus on the key high growth areas of the communications marketplace--service provider, enterprise e-business, professional services and infrastructure management. "We believe that the business is capable of vastly accelerated growth in these key markets. Our action today has a single purpose - to give us the focus and agility to seize these market opportunities and better serve our customers," said Piyush Patel, Cabletron's CEO and president. "Each of these companies will speak with clarity of purpose to its shareholders, customers, partners and employees." The four companies, and their target markets, are: Riverstone Networks: Riverstone, led by Romulus Pereira, President, will focus exclusively on the service provider market, including content hosting, Application Service Providers, POPs, CLECs, ISPs, MSOs and alternate carriers with the goal of delivering high performance, application enabled infrastructures. Enterasys Networks: Enterasys, led by Henry Fiallo, President, will focus exclusively on Global 2000 enterprise customers. Its solutions will enable customers to drive competitive advantage through their e-business infrastructures. Global Network Technology Services (GNTS): GNTS, led by Earle Humphreys, President, is a network consulting company that will focus exclusively on professional services, including the design, performance, management and security of complex networks for large enterprise and service provider customers. Aprisma Management Technologies: Aprisma, led by Michael Skubisz, President, will focus exclusively on delivering infrastructure management software for service provider and enterprise markets. Although the companies will initially be subsidiaries of Cabletron, the eventual goal is to have four separate, publicly traded companies. The company presently anticipates that this will be achieved by spinning out these companies to its shareholders, preceded where appropriate by subsidiary IPOs. The transformation will complete the company's realignment of its operations and organizational structure begun several quarters ago and build on the revenue momentum, technological leadership and strong balance sheet it has developed over the last several months. "In order to provide the best possible customer experience in this ever changing market - we need to transform ourselves to a new business model - one that allows us to focus exclusively on developing solutions tailored to individual markets and customers. This transformation is consistent with the way we are approaching these markets today -aligning our organization and resources to the customers we serve," said Patel.