Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Greg Thomas who wrote (6372)	12/12/1997 10:57:00 PM
From: Sam	Read Replies (2) \| Respond to of 42804

Just got back home from the anual meeting. There should be a couple of posts you will see in the very near future regarding the meeting. Since I am one that is extremely interested in how the company is run, I probably better stick to that rather than to ramble on about products that are over my head. I am going to go mainly from memory here also so please forgive me if I forget certain items that you feel are important. The meeting started promptly at 10:00. They dispensed with the usual items and proceeded into a slideshow explaning how MRVC is fitting into the scheme of things regarding networking and their FO products. Just a few points that were highlighted throuout the slideshow and speech were....... - the market for gig ethernet products going from an estimated $543 million dollar market in 98 to a $2.9 billion market by the year 2000. -Fiber products account for 25% of total sales and networking accounts for 75%. THis number is a tad misleading because of the integration of fiber products into networking. This would change the values to roughly 30% fiber versus 70% networking. -MegaSwitch 2 has sold over 10,000 units. -There was an emphasis on relying on layer 1, 2, and 3 products. I expect we will see more on this in the future. -Looking 1 yr ahead computer telephony integration, or video conferencing will create an even greater market for product. -It was noted that the dual speed 10/100 ATM switch was to market roughly 6 months before their competitors. -Showed strong revenue growth with networking at the 146% mark. -Four items were noted for the future of MRVC. First capitalize on R&D and management. Second, Expand product offerings. Third, Increase market share. And last capitalize on acquisition opportunities. note** (they mentioned a couple times about hiring a 3 com employee in a managerial position) -Mentioned new inroads to China. There will be plenty about this later on. -Strong management was brought up. They described themsleves as busy, involved with customers, always on the move, able to capitalize on their technology, stable, own 27-28% of the company when we include options so they have a stake in MRVC's success. -mentioned in brief with no detail about a show coming up in a few months. I am assuming an advertising run of sorts. I have left some things out that some of you will find of interest but there is rthe initial start. I tried my best to take notes accurately, but at times it became exceedingly difficult. The next post will deal with the question and answer period. Sam