BIG GROWTH REPORTED FOR NETWORKING FIRM.Byline: Deborah Adamson Daily News Staff Writer MRV Communications  OverviewMRV NASDAQ: MRVC is a company that designs, manufactures, sells, distributes, integrates and supports communication equipment and services, and optical components. Inc. in Chatsworth reported triple-digit gains in revenues and income for the second quarter, a record for the company. ``We're seeing growth across the board in all our products,'' said Edmund Glazer, chief financial officer. ``Other networking companies have seen some decline. Fortunately, we have not been subject to that.'' The maker of products for the fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber and computer data networking markets reported a net income of $2.35 million (21 cents a share) on revenues of $19.6 million for the quarter ended June 30. That's a 158 percent increase in comparable net income and a 136 percent gain in comparable revenues from a year ago. Those percentage gains do not take into account second-quarter 1995 one-time restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. of $5.6 million related to the purchase of two companies in Israel. With the charges included, the 1995 second quarter recorded a net loss of $4.7 million (51 cents). Revenues were $8.3 million. Excluding the one-time charges, net income would have been $911,000. MRV MRV minute respiratory volume. is benefiting from the computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. market's high-speed switching niche, on which the company has focused. ``The high speed switching market is growing extremely rapidly,'' said Vivek Rao, senior technology analyst at Hampshire Securities in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ``Because of their focused strategy, they have leading edge products. As a result, the company is a direct beneficiary of the growth taking place in the markets.'' MRV's recently-inked deal with Fujitsu Ltd. in Japan should help it gain a foothold in the Asian market, Rao added. ``In Japan, the whole concept of networking is probably a year or two behind the U.S.,'' he said. ``Fujitsu is a major player in the Japanese market. (The deal) should help MRV in their penetration of this market.'' |
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