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

To: Ming Hu who wrote (6773)	1/20/1998 9:54:00 AM
From: w2j2	Respond to of 42804

who is xyplex?

To: Ming Hu who wrote (6773)	1/20/1998 10:00:00 AM
From: w2j2	Read Replies (1) \| Respond to of 42804

CHATSWORTH, Calif.--(BUSINESS WIRE)--January 20, 1998--In a bold step to expand its reach into wide area networks (WAN's) and remote access, MRV Communications, Inc., a Delaware Corporation (NASDAQ:MRVC) today signed a definitive agreement to acquire 100% of the outstanding capital stock of Whittaker - Xyplex, Inc., a Delaware corporation and its wholly-owned subsidiary Xyplex,, Inc., a Massachusetts corporation for $35 million in cash plus warrants to purchase up to 500,000 shares of MRV common stock at an exercise price of $35.00 per share. Xyplex focuses on providing access solutions for the network edge where local area networks (LAN's) connect to the public network infrastructure including carriers and internet service providers. Core competencies of Xyplex include WAN routing, remote access servers and network management. Noam Lotan, President and CEO of MRV Communications, Inc. commented: "Xyplex's WANScape architecture allows users to mix and match ISDN, Frame Relay, T1/E1 and fractional T1/E1, X.25, leased lines, switched 56K and asynchronous dial-up simultaneously to use each to its best advantage. The net benefits to the user are better control of WAN line costs and easier WAN configuration management." Lotan continued: "Xyplex offers a single source for managing remote data communications from one easy to use graphical user interface for set-up and monitoring. In addition it provides remote access concentrators, office routers, firewall routers and other remote access networking applications." The closing is subject to the satisfaction of certain customary conditions and Hart-Scott Rodino regulatory approval. Whittaker - Xyplex, Inc. is a wholly-owned subsidiary of Whittaker Corp., a Delaware corporation (NYSE:WKR). The acquisition will be accounted for as a purchase and is anticipated to be finalized during the first quarter. MRV is a leading manufacturer and marketer of high-speed network solutions 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 devices, primarily Ethernet LAN switches, hubs and related products and (ii) fiber optic components for the transmission of voice, video and data across enterprise, telecommunications and cable TV networks. The Company's advanced networking solutions greatly enhance the functionality of LANs by reducing network congestion while allowing end users to preserve their legacy investments 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.