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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.
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
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.
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.
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
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.
CALIFORNIA | LOCAL
October 12, 1999 | MORRIS NEWMAN, SPECIAL TO THE TIMES
Wall Street's confidence in the growth of e-commerce has swelled the stock price of MRV Communications Inc. by more than 80% in the past three months. That performance has given the manufacturer of network and fiber-optic hardware one of the fastest-growing market caps among Valley-based public companies. MRV's stock price has been something of a yo-yo, however, to judge from the movement of prices in the past 12 months. Shares of MRV, which trade on Nasdaq, closed Monday at $23.
BUSINESS
August 29, 1998 | Bloomberg News
MRV Communications Inc.'s shares lost more than half their value after the maker of telecommunications equipment said third-quarter profit will lag expectations because of weaker European sales and product delays. Shares in Chatsworth-based MRV dropped $7.56 to close at $6.81 on Nasdaq. MRV said that delays in shipping new networking products will lower profit margins and drag down earnings.
BUSINESS
August 24, 1993
MRV Communications Inc., a Chatsworth producer of electronic components, said it signed a contract valued at more than $1 million to supply fiber-optic components to a Texas company. The contract calls for MRV to supply light-emitting diodes and photo detectors to Reliance Comm/Tec of Bedford, Tex. Deliveries are expected within the next 12 months, MRV said.
BUSINESS
May 10, 1994
MRV Communications Inc., a Chatsworth maker of semiconductor laser diodes and fiber-optic products, said its first-quarter profit surged 83% as revenue doubled from a year ago. For the quarter ended March 31, MRV earned $292,000 on revenue of $2.76 million. In the comparable period a year ago, the company had a profit of $160,000 on revenue of $1.39 million.
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.
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