BNET Industries

Market Cap:$70.7M
Last Fiscal Year Sales:$448.2M
  • Public
  • US
Dow Jones Description

MRV Communications, Inc. (?MRV?) is a leading provider of network equipment and services, and optical components. MRV?s networking business provides equipment used by commercial customers, governments and telecommunications service providers, and include switches, routers, physical layer products and console management products as well as specialized networking products for aerospace, defense and other applications including voice and cellular communication. MRV?s optical components business provides optical communications components, primarily through its wholly owned subsidiary LuminentOIC, Inc, which include fiber optic transceivers for metropolitan, access and Fiber-to-the-Premises applications. MRV markets and sells its products worldwide, through a variety of channels, which include a dedicated direct sales force, manufacturers' representatives, value-added-resellers, distributors and systems integrators. MRV also has operations in Europe that provide network system design, integration and distribution services that include products manufactured by third-party vendors, as well as internally developed and manufactured products. Publicly traded since 1992, MRV is listed on the Nasdaq Global Market under the symbol MRVC.

President & CEONoam Lotan
Number of Employees 2,443
Contact Information

20550 Nordhoff St

Chatsworth, California 91311

www.mrv.com

(818) 773-0900

NAICS Code Semiconductor and Related Device Manufacturing: 334413

Recent Events

  • MRV Unveils LambdaDriver Optical Channel Monitor Card

    6/27/09 - Product Announcement - View Story

  • MRV Communications sees Q1 revenue to exceed upper end of prior outlook; Guides Q2 -...

    5/12/09 - Financial Announcement - View Story

  • MRV Appoints General Counsel

    2/25/09 - Mgmt. Change Entering - Vice President - View Story

  • Mesquite Independent School District Expands Network With Demarcation, Aggregation Solution From MRV

    1/16/09 - Licensing / Contract - View Story

  • Texas school district expands network with MRV's OptiSwitch 304

    1/07/09 - Licensing / Contract - View Story

  • Mesquite Independent School District Expands Network with Demarcation, Aggregation Solution from MRV

    1/07/09 - Licensing / Contract - View Story

News & Analysis

mrv communications - All News and Analysis

Decision Makers

Name (plus bio) Position
Noam Lotan President & CEO
Guy Avidan Chief Financial Officer
Chris Tenes Vice President, Sales
Todd Rope Vice President, Technology
Igal Shidlovsky Managing Director
David Rodewald Director, Media Relations
Joel Freedenberg Director of Finance
Seth Adler Sales Director
Guenter Jaensch Director

Board of Directors

Name (plus bio) Position
Shlomo Margalit Chairman, Cto & Secretary
Baruch Fischer Board of Directors
Daniel Tsui Board of Directors
Harold W. Furchtgott-Roth Board of Directors

Mr. Lotan has served as MRV's President, Chief Executive Officer and Director since May 1990. Mr. Lotan also served as Chief Financial Officer from October 1993 through June 1995. From 1987 to 1990, he served as Managing Director of Fibronics (UK) Ltd., the United Kingdom subsidiary of Fibronics International Inc. (Fibronics), a manufacturer of fiber optic communication networks. MRV purchased the Fibronics business in September 1996. From January 1985 to March 1987, Mr. Lotan served as a Director of European Operations for Fibronics. Prior to such time, Mr. Lotan held a variety of sales and marketing positions with Fibronics and Hewlett-Packard. Mr. Lotan holds a Bachelor of Science degree in Electrical Engineering from the Technion, the Israel Institute of Technology and a Master's degree in Business Administration from INSEAD (the European Institute of Business Administration, Fontainebleau, France). Since June 2005, Mr. Lotan has served as a Director for Capstone Turbine Corporation, (Nasdaq: CPST).

Organization Position Status
MRV Communications, Inc. President & CEO Current
Source Photonics, Inc. Chairman Current
MRV Communications, Inc. Board of Directors Current
Technion-Israel Institute of Technology Bachelor of Science degree in Electrical Engineering Former

Guy Avidan has served as VP and General manager of MRV International since September 2001. Mr. Avidan is focused on the deployment of MRV's Optical Ethernet Access product line worldwide. Prior to that, Mr. Avidan served as the Chief Executive Officer and President and various executive capacities for other subsidiaries of the Company from 1995 to 2001. Mr. Avidan holds a B.A. degree in business management, economics and accounting from Haifa University and also is licensed as a Certified Public Accountant.

Organization Position Status
MRV Communications, Inc. Chief Financial Officer Current
MRV Communications, Inc. Vice President & General Manager, MRV Intl Former

A founder, Chairman of the Board of Directors, Chief Technical Officer and Secretary of MRV since MRV's inception in July 1988. From May 1985 to July 1988, Dr. Shlomo Margalit served as a founder and Vice President of Research and Development for LaserCom, Inc. ("LaserCom"), a manufacturer of semiconductor lasers. From 1982 to 1985, Dr. Margalit served as a Senior Research Associate at the California Institute of Technology ("Caltech") and from 1976 to 1982, a Visiting Associate at Caltech. From 1972 to 1982, Dr. Margalit served as a faculty member and Associate Professor at the Technion. During his tenure at the Technion, Dr. Margalit was awarded the "Israel Defense" prize for his work in developing infrared detectors for heat guided missiles and the David Ben Aharon Award for Novel Applied Research. Dr. Margalit holds a Bachelor of Science degree, a Masters degree and a Ph.D. in Electrical Engineering from the Technion.

Organization Position Status
MRV Communications, Inc. Chairman, Cto & Secretary Current
Mrv, Inc. Chief Technical Officer Former
Lasercom Vice President of Research and Development Former
MRV Communications, Inc. Founder of the Company Former
Lasercom founder Former
California Institute of Technology Associate Former
Technion-Israel Institute of Technology Faculty Member and Associate Professor Former
MRV Communications, Inc. Board of Directors Former
Mrv, Inc. Secretary Former
Technion-Israel Institute of Technology Ph.D. In Electrical Engineering Former
Organization Position Status
MRV Communications, Inc. Vice President, Sales Current
Organization Position Status
MRV Communications, Inc. Vice President, Technology Current
Mrv, Inc. Director of Software Development Former

Dr. Igal Shidlovsky serves as Managing Director of Global Technologies, an investment and consulting organization, which he founded in 1994. He has extensive management and consulting experience with international companies and start up technology companies. From 1982 to 1991, Dr. Shidlovsky was a Director of Sentex Sensing Technologies. Dr. Shidlovsky held several executive positions including Vice President Corporate Development at Siemens Pacesetter, a division of Siemens AG Medical Group, Director of Strategic Planning and Technology Utilization and Director of the Microelectronics Department at Siemens Corporate Research. From 1969 to 1982 he was with RCA Laboratories, a leading electronic R&D organization. Dr. Shidlovsky holds a Bachelor of Science degree in Chemistry from the Technion and Master and Ph.D. degrees from the Hebrew University in Israel.

Organization Position Status
MRV Communications, Inc. Managing Director Current
MRV Communications, Inc. Director Current
RCA Laboratories Former
Hebrew University of Jerusalem Master and Ph.D. Degrees Former
Technion-Israel Institute of Technology Bachelor of Science Degree In Chemistry Former
Organization Position Status
MRV Communications, Inc. Director, Media Relations Current
Organization Position Status
MRV Communications, Inc. Director of Finance Current
Ecredit.Com, Inc. Vice President, Finance & Treasurer Former
Ecredit.Com, Inc. Corporate Controller & Treasurer Former
Ernst & Young Auditor Former
Organization Position Status
MRV Communications, Inc. Sales Director Current
3Com Corporation Marketing Manager Former

Professor Baruch Fischer currently serves as a professor at the Electrical Engineering Facility at the Techniion. Professor Fischer had served as Dean of the Electrical Engineering Faculty at the Technion. Professor FischerÕs current research activities include solid state devices, lasers and optical amplifiers; WDM technology; fiber gratings; "all optical" networks; non-linear effect in fiber, wave mixing; and optical computing, optical data storage and optical image processing. He has authored or co-authored approximately 180 papers and holds several patents in the field of optics and opto-electronics. He received his Ph.D. from Bar-Ilan University, Israel in 1980. He subsequently became a Post-Doctorate Fellow at CalTech and joined the faculty of the Technion in 1983.

Organization Position Status
MRV Communications, Inc. Board of Directors Current
Organization Position Status
Chiamonline Current
MRV Communications, Inc. Board of Directors Current
American Physical Society fellow Former
University of Chicago research associate Former
American Physical Society fellow Former
University of Chicago Ph.D. in physics Former
Princeton University Ph.D. degree in physics Former

Dr. Guenter Jaensch, Chairman of the Board, has been with Siemens for more than 25 years holding a number of executive positions with this company in Europe and in the United States. Among his assignments were service as President of Siemens Communications Systems, Inc.; President and Chairman of Siemens Corporate Research and Support, Inc.; Chairman and CEO of Siemens Pacesetter, Inc.; and head of the Cardiac Arrhythmia Division of Siemens AG Medical Group. Dr. Jaensch also served as Executive Director of Siemens Worldwide Accounting and Budgeting Operations and as controller of Siemens Data Systems Group. Dr. Jaensch holds a Masters degree in Business Administration and a Ph.D. degree in Business and Finance from the University of Frankfurt; he also taught business for three years. He has been a director of MRV Communications (NASD: MRVC) since 1997 and is a director of BioForce NanoSciences (BFNH.OB).

Organization Position Status
Biophan Technologies, Inc. Director and Chairman of the Board Current
Biophan Techs Inc Chairman of the Biophan Board of Directors Current
Clearly Medical Solutions, Inc. Director Current
MRV Communications, Inc. Director Current
Biophan Technologies, Inc. Director Current
Bioforce Nanosciences Inc Director Current
Siemens Corporation Former
St. Jude Medical, Inc. Former
University of Frankfurt Ph.D. Degree In Business and Finance Former
University of Frankfurt Masters Degree In Business Administration Former

Mr. Furchtgott-Roth founded Furchtgott-Roth Economic Enterprises in 2003. He frequently consults on issues related to the communications sector of the economy. From 2001-2003, Mr. Furchtgott-Roth was a visiting fellow at the American Enterprise Institute where he completed the writing of A Tough Act to Follow, a book about the difficulties implementing the Telecommunications Act of 1996. From 1997 through 2001, Mr. Furchtgott-Roth served as a commissioner of the Federal Communications Commission. In that capacity, he served on the Joint Board on Universal Service. He is one of the few economists to have served as a federal regulatory commissioner, and the only one to have served on the Federal Communications Commission. Before his appointment to the FCC, he was chief economist for the House Committee on Commerce and a principal staff member on the Telecommunications Act of 1996. Earlier in his career, he was a senior economist with Economists Incorporated and a research analyst with the Center for Naval Analyses. Mr. Furchtgott-Roth is a member of the Washington Legal Foundation's Legal Policy Advisory Board. He is the coauthor of three books: Cable TV: Regulation or Competition, with R.W. Crandall, The Brookings Institution, 1996; Economics of A Disaster: The Exxon Valdez Oil Spill, with B.M. Owen et al, Quorum Books, 1995; and International Trade in Computer Software, with S.E. Siwek, Quorum Books, 1993.

Organization Position Status
Furchtgott-Roth Economic Enterprises President Current
Oneida Broadband, LLC. Chairman and Co-Founder Current
Hudson Institute, Inc. Senior Fellow Current
Center for Future Security Strategies Current
Tech Law Journal Current
MRV Communications, Inc. Board of Directors Current
Furchtgott-Roth Economic Enterprises Founder Former
Economists Incorporated Senior Economist Former
American Enterprise Institute for Public Policy Research visiting fellow Former
Joint Co Board of Directors Former
Stanford University Ph.D. In Economics Former
Massachusetts Institute of Technology S.B. in economics Former

Executive News

  • MRV LX 4000T Series Awarded NEBS Certification

    Reuters - 6/24/09 - View Story

  • MRV LX 4000T Series Awarded NEBS Certification

    Business Wire - 6/24/09 - View Story

  • MRV Debuts LambdaDriver Optical Channel Monitor Card for WDM Networks

    Reuters - 6/23/09 - View Story

  • MRV Debuts LambdaDriver Optical Channel Monitor Card for WDM Networks

    Business Wire - 6/23/09 - View Story

  • MRV Suspended from Trading on Nasdaq

    DMN Newswire - 6/17/09 - View Story

  • MRV Suspended from Trading on Nasdaq; Begins Trading on Pink Sheets under Symbol MRVC

    Business Wire - 6/16/09 - View Story

  • MRV Boosts Performance Measurements in OptiSwitch 900 Carrier Ethernet Demarcation Device

    Business Wire - 6/15/09 - View Story

  • MRV Receives Brocade Data Center Ready Status for LambdaDriver 8 Gbps Fibre Channel Module

    Business Wire - 6/08/09 - View Story

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     MRVC $0.43 -0.03 (-5.49% )
Average Volume 1,213,620
Shares Outstanding 157.18M
Market Cap 67.6M
Year High 1.53
Year Low 0.21
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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