BNET Industries

Market Cap:$132.3M
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 & CEO
Noam 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 Announces Third Quarter and Nine Months 2009 Financial Results

    11/09/09 - Financial Announcement - View Story

  • MRV Adds Synchronization Over Packet to OptiSwitch 900

    10/29/09 - Product Announcement - View Story

  • Value Investors For Change Nominates Eight New Members to the Board of Directors of Troubled...

    10/07/09 - Financial Announcement - View Story

  • MRV Unveils Fiber Driver Optical Media Converters for Telecom Networks

    9/19/09 - Product Announcement - View Story

  • MRV Sends Letter to Stockholders

    9/20/09 - Board Member - Entering - View Story

  • MRV Unveils Senior Management Changes and Updates Second Quarter 2009 Revenue

    7/31/09 - Board Member - Entering - View Story

  • MRV Announces Appointment of New Director and Senior Management

    7/27/09 - Mgmt. Change Entering - President - View Story

  • Spirent Communications and MRV Expand Partnership by Adding Power Management to Automated Lab...

    6/29/09 - Licensing / Contract - View Story

  • MRV Unveils LambdaDriver Optical Channel Monitor Card

    6/27/09 - Product Announcement - 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
Shay Gonen
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

Organization Position Status
MRV Communications, Inc. Current
Mrv, Inc. Former
Bar-Ilan University Masters degree in Business Administration 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
MRV Communications, Inc. Director Current
Clearly Medical Solutions, Inc. Director Current
Bioforce Nanosciences Inc Director Current
Siemens Corporation Former
St. Jude Medical, Inc. Former
Biophan Technologies, Inc. Director 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 Displays Secure IP Intelligence for Command, Control and Operational Support to Military Through Two Week Tour

    Business Wire - 7/20/09 - View Story

  • MRV Touts Green Credentials

    Light Reading - 7/15/09 - View Story

  • MRV Fiber Driver Platform Delivers Green Optical Networking Based on New Carrier Standard

    Business Wire - 7/14/09 - View Story

  • Spirent Communications and MRV Expand Partnership by Adding Power Management to Automated Lab...

    Forbes.com - 6/29/09 - View Story

  • Spirent Communications and MRV Expand Partnership by Adding Power Management to Automated Lab Testing Solution

    Business Wire - 6/29/09 - View Story

  • MRV Unveils LambdaDriver Optical Channel Monitor Card

    TradingMarkets - 6/27/09 - View Story

  • 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

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     MRVC $0.84 +0.01 (0.60% )
Average Volume 314,843
Shares Outstanding 157.18M
Market Cap 132.0M
Year High 1
Year Low 0.21
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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