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Mrv Communications Inc

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CALIFORNIA | LOCAL
November 2, 1999
MRV Communications Inc., Chatsworth, reported net income of $567,000 for the third quarter ended Sept. 30 down from $1.4 million for the same period last year. Revenue increased to $71.3 million from $62.6 million. MRV provides high-speed fiber-optical network components and systems to digital communications industries.
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BUSINESS
December 27, 2007 | From Times Wire Services
Shares of MRV Communications Inc., a Chatsworth-based maker of fiber optic equipment, rose the most in more than four years after its Source Photonics unit announced plans to raise as much as $130 million in an initial public offering. MRV advanced 44 cents, or 21%, to $2.50, the biggest gain since July 2003. The shares have fallen 29% this year. Source Photonics makes equipment that helps companies offer services such as streaming video and Internet calling.
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BUSINESS
March 23, 1993
MRV Communications Inc., a Chatsworth producer of electronic components, said its profit jumped to $560,000 last year from $189,000 in 1991. The higher earnings in the year ended Dec. 31 came on an 84% surge in sales, to $4.42 million from $2.40 million. The company, which issued its initial stock offering to the public in December, said the gains reflected the introductions of new products and stronger foreign sales.
CALIFORNIA | LOCAL
October 10, 2000
MRV Communications Inc. in Chatsworth announced it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of the common stock of its wholly owned subsidiary, Optical Access Inc. Bear Sterns will lead the underwriting group, with CIBC World Markets, U.S. Bancorp Piper Jaffray and First Security Van Kasper serving as the co-managers.
BUSINESS
May 6, 1997
MRV Communications Inc. posted record profits and revenues in its first quarter, which ended March 31. MRV's net income more than doubled to $4.3 million, up from $1.9 million in the same period a year earlier, while revenues rose 129% to $35.6 million, up from $15.5 million. The company attributed part of its strong results to continued sales to key customers Intel, Fujitsu and Digital Equipment.
BUSINESS
November 22, 1994
MRV Communications Inc., a Chatsworth-based manufacturer of semiconductor and fiber optic products, said it has filed an application with the Securities and Exchange Commission to offer 1 million shares of common stock at $14.25 per share. About 750,000 shares will be sold by the company and 250,000 more by certain stockholders. MRV said the shares could be offered next month or in January by an underwriting group managed by Hampshire Securities Corp. The company said it would use the $9.
BUSINESS
October 7, 2000 | Bridge News
Chatsworth-based MRV Communications Inc., a fiber-optics components maker, filed a registration statement with the Securities and Exchange Commission for a $108-million initial public offering of its wholly owned unit Optical Access Inc. MRV didn't say how many shares will be offered or what it will sell them for, but said proceeds of the offering will be used for general corporate purposes.
BUSINESS
June 2, 1992
MRV Communications Inc., a Chatsworth manufacturer of semiconductor laser diodes and fiber-optic products used to transmit large amounts of information at high speeds, is planning to go public in an offering of units expected to raise about $4.7 million. In a filing with the Securities and Exchange Commission, MRV said it plans to offer 425,000 units at between $10 and $12 apiece through underwriter Thomas James Associates Inc.
BUSINESS
November 1, 1994
MRV Communications Inc., a Chatsworth-based maker of semiconductor diodes and fiber-optic data links, reported record third-quarter profit and sales. The company posted a profit of $402,000 in the quarter that ended Sept. 30, more than double earnings of $173,000 reported a year earlier. Sales in the latest quarter totaled $4.73 million, compared to $1.92 million a year earlier. For its nine-month period, the company reported net income of $1.04 million on sales of $11.
BUSINESS
October 7, 2000 | Bridge News
Chatsworth-based MRV Communications Inc., a fiber-optics components maker, filed a registration statement with the Securities and Exchange Commission for a $108-million initial public offering of its wholly owned unit Optical Access Inc. MRV didn't say how many shares will be offered or what it will sell them for, but said proceeds of the offering will be used for general corporate purposes.
CALIFORNIA | LOCAL
May 30, 2000
MRV Communications Inc. of Chatsworth has acquired Geneva, Switzerland-based CES, a data-acquisition systems designer. Terms of the deal were not disclosed. The new company will be known as iTouch. MRV Communications manufactures optical components and network infrastructure systems.
CALIFORNIA | LOCAL
April 4, 2000 | ANDREW BLANKSTEIN, TIMES STAFF WRITER
As an aspiring engineer in the 1970s, Noam Lotan couldn't foresee the Internet revolution or the rewards he would some day reap from it. Back then, the student at Technion-Israel Institute of Technology, was just trying to unlock the mysteries of the integrated circuit in professor Schlomo Margalit's class. Lotan and his pioneering professor now are on more equal footing, albeit halfway across the globe. They are top executives at MRV Communications Inc.
BUSINESS
February 23, 2000 | Bloomberg News
MRV Communications Inc. said it will buy Fiber Optic Communications Inc. of Taiwan for $263 million in stock and cash to expand in optical components. Chatsworth-based MRV, which makes routers, switches and other products that enhance the performance of telecommunications networks, also said it will take a $13.8-million charge to exit the local-area-network switching business. Fiber Optic Communications makes passive fiber-optic components, including couplers and isolators.
CALIFORNIA | LOCAL
January 11, 2000 | Karen Robinson-Jacobs
MRV Communications Inc., a Chatsworth-based networking equipment company that hovered near penny-stock territory in the spring, flew past all comers to post an eye-popping 897% increase in share price in 1999. Count that as one of the few cases in which a San Fernando Valley-based public company hit the kind of nosebleed heights reached by companies in the broader stock market during a very atypical 1999.
BUSINESS
December 30, 1999 | Bloomberg News
Shares of Chatsworth-based MRV Communications Inc. zoomed 10% on Wednesday after an analyst on financial network CNBC said the fiber-optic equipment maker's businesses could fetch high values as individually traded companies. MRV (ticker symbol: MRVC) surged $6.19 to a record $65.63 on Nasdaq. The stock has risen more than tenfold over the last year.
CALIFORNIA | LOCAL
May 30, 2000
MRV Communications Inc. of Chatsworth has acquired Geneva, Switzerland-based CES, a data-acquisition systems designer. Terms of the deal were not disclosed. The new company will be known as iTouch. MRV Communications manufactures optical components and network infrastructure systems.
BUSINESS
December 14, 1999 | TOM PETRUNO, Times Wire Services
The mania for anything telecom swept up Chatsworth-based MRV Communications on Monday, sending its shares soaring $12.69, or 30%, to a record $55.13. The company (ticker symbol: MRVC), which makes high-speed optical network parts and systems, got a favorable mention in Barron's magazine, published over the weekend.
CALIFORNIA | LOCAL
November 2, 1999
MRV Communications Inc., Chatsworth, reported net income of $567,000 for the third quarter ended Sept. 30 down from $1.4 million for the same period last year. Revenue increased to $71.3 million from $62.6 million. MRV provides high-speed fiber-optical network components and systems to digital communications industries.
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