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

To: Dee Jay who wrote (6290)	12/8/1997 9:06:00 AM
From: signist	Read Replies (1) \| Respond to of 42804

BW0085 DEC 08,1997 5:45 PACIFIC 08:45 EASTERN ( BW)(MRV-COMMUNICATIONS)(MRVC) MRV Communications Announces Jump in Market Share, and General Availability of Gigabit Switching Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 8, 1997--MRV Communications, Inc. (NASDAQ:MRVC) announced that recently released IDC Market Share Survey in LAN Switching indicates a strong gain in MRV's market share, for the first-half of 1997. According to IDC, MRV's NBase Switching division share in workgroup switching segment increased from 3.8% in 1996 to 4.6% in the first-half of 1997. Noam Lotan, the company's President and CEO commented, "This impressive 21% gain in six months confirms the growing acceptance and the rising visibility of MRV's High Speed Switching solutions." Lotan added, "We focus on High Speed enterprise Switching technology and are pleased to confirm today the general availability of our all-port Gigabit Ethernet Switch, the GFS 3012, aiming at the high-end "bandwidth-hungry" corporate and ISP backbones." The GFS 3012 is a 3 slot chassis-based device, featuring up to 12 switched Gigabit Ethernet ports, while supporting up to 64 ports of any combination: Ethernet, Fast Ethernet and Gigabit Ethernet. Key features include: Quality of Service for Multimedia applications, Protocol and Policy-based VLANs, Layer 3 Switching, Port Trunking and Power Redundancy. In addition, the GFS 3012 has extensive management capabilities, including Web-based management, RMON support and multiple-platform management. Web-Based management allows access to the switch from popular internet browsers such as Netscape Navigator and Microsoft Explorer. In addition to MRV's patent pending DirectIP Layer 3 Switching, MRV intends to integrate Hardware Layer 3 Routing into the device. Separately, MRV announced that despite uncertain economic conditions in Asia-Pacific, the company is encouraged by its current prospects in the region. MRV's business in Asia-Pacific accounted for approximately 14% of total revenues in the past quarter, derived mostly in Japan and Korea. MRV is a leading manufacturer of high speed network switching and fiber optic transmission systems which enhance the performance of existing data and telecommunications networks. The company designs, manufactures and sells two groups of products: (I) computer networking products, primarily high speed LAN switches and (ii) fiber optic components for transmission of voice, video and data across enterprise, telecommunications and cable TV networks. The company's advanced networking solutions enhance the functionality of LANs by reducing network congestion while allowing end users to preserve their legacy investment in pre-existing networks and by providing cost-effective migration paths to next generation technologies such as Gigabit Ethernet. The company's fiber optic components incorporate proprietary technology which delivers high performance under demanding environmental conditions. For More Information contact: Investor Relations at MRV Communications, Inc. Tel: (818) 886-MRVC www.nbase.com --30--mi/sf* CONTACT: MRV Communications, Inc. Investor Relations Danny Yelin / Kristy Thurmond, 818/886-MRVC kristy@nbase.com www.nbase.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS