Last Update: 01/31/01 06:37 AM
Contact: Diana Hayden, 818/886-6782
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Begin Coverage July 1, 1999 |
Begin Price 13.00 |
Recent Alert:
6/2/00 alert time 10:14 am est MRVC Nasdaq Price 35. As most of our Followers know, Fiber Optic component developer, MRV Communications has been our top pick the last year (see stockhighlight). Over that period, MRV expanded on it's business model of creating and managing several start-up fiber optic related companies as well as forming independent business units such as Luminent (IPO in fall 2000) and iTouch. MRV has initiated and funded start-up companies including Zaffire Inc., Charlotte's Networks, Hyperchannel, Zuma Networks and most recently RedC Optical Networks Inc., Optical Crossing and All Optical Inc.
MRV continued it's acquistion spree yesterday with Geneva, Switzerland-based CES and recently with Jolt Techologies. Suddenly, MRV is positioning itself as a fiber optic Gorilla..
The acquisition of Jolt is what greenbackers likes, because it is loaded with accumulated intellectual property and has MRV competitors drooling. Jolt brings MRV 9 patents, including their UWIN (Universal Wireless Infrared Network) product line and the ability to do wireless communications without electronics. As a result, MRV will now be competing directly with Terabeam, which insiders once considered one of MRV's weak spots. In addition, Jolt is listed as yet another of MRV's spin-off candidates.
| Revenue | EPS | Dividend Rate | |
| 1998 | 264.1 | (0.76) | 0.00 |
| 1997 | 165.5 | 0.88 | 0.00 |
| 1996 | 88.8 | (0.49) | 0.00 |
| 1995 | 39.2 | (0.07) | 0.00 |
| 1994 | 17.5 | 0.13 | 0.00 |
| Growth Rate (%) | 80.58 | NC | NC |
| Industry Growth Rate (%) | 28.49 | 5.26 | NC |
What does MRV Communications do? Designs, manufactures and sells computer networking products, primarily Ethernet local area network switches, hubs & related equipment, & fiber optic components for voice, video and data transmission..... Over the past two years, MRV adopted a business model of creating and managing several start-up companies and forming independent business units, in order to take them public. The principal focus of the MRV group of companies, which now comprises 14 companies, is Optical components, Optical networks and Internet infrastructure.
Why we like MRV Communications
-The last earnings report was a real turnaround surprise.
-Their products are the infrastructure of the Internet's need for speed.
-MRV products are industry firsts, including the first multi-protocol terminal server, first 10/100 autosensing switch, first Gigabit Ethernet and first Linux based router.
-In Oct 1996 article of "Worth" magazine entitled "Finding the next Microsoft" , they were mentioned in great detail. The article still resembles the company.
-Their Optical Access business is making serious green, and has a good revenue base.
- They control Hyperchannel, a company behind Hyporium (tm), a revolutionary online trading hub that allows technology manufacturers and distributors to be online simultaneously. This online fulfillment center for networking products, It is growing rapidly. Because of the extremely fast growth, The business could be poised to go public in early 2000.
- They have a significant minority interest in New Access, which is doing next-generation multiplexing technology (Sycamore does this too). Kleiner Perkins and Juniper Networks have both invested in it in the second round of financing.
. . . .
Recent Headlines:
Their spinoff last year:
Tuesday January 30, 4:34 pm Eastern TimeCHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 30, 2001--Luminent, Inc. (Nasdaq:LMNE - news; ``the Company'' or ``Luminent'') today reported net sales for its fourth quarter ended December 31, 2000 of $45.2 million and pro forma net income of $3.9 million, or $0.03 per diluted share.
Net sales of $45.2 million for the fourth quarter increased 26% over net sales of $36.0 million for the third quarter ended September 30, 2000 and 143% over net sales of $18.6 million for the fourth quarter ended December 31, 1999. Including goodwill amortization and deferred stock compensation, Luminent reported a net loss of $25.9 million, or $0.17 per share, for the fourth quarter and a net loss of $65.0 million, or $0.45 per share, for the year ended December 31, 2000.
On a pro forma basis, excluding goodwill amortization and deferred stock compensation, the Company would have reported net income of $3.9 million, or $0.03 per diluted share, for the fourth quarter, an increase of 104%, or $0.02 per diluted share, over pro forma net income of $1.9 million earned for the third quarter ended September 30, 2000. Pro forma net income for the year ended December 31, 2000 would have been $7.7 million, or $0.05 per diluted share, an increase of 84%, or $0.02 per diluted share, from pro forma net income of $4.2 million for the prior year.
| Tue | Apr | 4 | MRVC | MRV Launches Net2Linux: Online Linux Open Source Networking Community - Business Wire |
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