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

To: Regis McConnell who wrote (20120)	4/6/2000 10:50:00 PM
From: GS_Wall Street	Respond to of 42804

The following is a Business Description Of Redback Networks, my understanding is MRVC Red-C is going after this segment. 18Billion dollar market cap compared to MRVC total market cap of 2.0 Billion. Based in Sunnyvale, California, Redback Networks is a leading provider of advanced networking and communications products. The company's Subscriber Management Systems (SMS) product line connects and manages large numbers of subscribers using any of the major broadband access technologies, including cable, Digital Subscriber Line (DSL), and wireless. The company's primary customers are telecommunications firms and Internet service providers that are looking to scale their networks. The company was founded in 1996 and came public in May 1999. On March 8 the company completed its merger with privately held Siara Systems in a stock-swap deal that found Redback issuing a split-adjusted 62.7 million shares for the purchase. Siara is a development-stage company that is also researching and designing next-generation network hardware. Redback Networks split its stock 2-for-1 on April 4. Financial Facts Income Statement 12-month sales: $64.3 million 12-month income: ($37.1 million)** 12-month EPS: N/A Profit Margin: N/A Market Cap: $18,265.2 million Balance Sheet (as of 12/31/99) Cash: $57.2 million Intangibles: $4,461.6 million Total Assets: $4,558.0 million Long-term Debt: $11.4 million Total Liabilities: $64.8 million Ratios Price-to-earnings: N/A Price-to-sales: 284.1 Figures are pro forma to the Siara merger *Before amortization of intangibles