Inrange Technologies - neuer Highflyer? - 500 Beiträge pro Seite

[MarkusHM]

Hi,

kennt jemand von euch Inrange Tech.(Nas.:INRG)? Die Aktie kam am 25. September an die NAsdaq und schoss trotz negativer NAsdaq (-5% an diesem Tag) vom Emissionskurs von 16$ um 140% auf 38,5$ und von da bis auf die Spitze von ca. 60 $. Im Schatten der schwächelden Nasdaq bröckelte der Wert bis auf 13$ ab um sich bis heute wieder bis auf 25 $ zu erholen. (Heute übrigens +20%!!!)

Inrange ist im zur Zeit boomenden Bereich der Netzwerkausstatter tätig und und hat sich auf die Produktion von Netzwerkweichen (Switches) spezialisiert.

Auch die Analysten sind schon auf diesen Wert aufmerksam geworden und vergeben für das mit einer Marktkapitalisierung von 2 Mrd US- Dollar bewertete Unternehmen ein "Buy" und zwei "Strong Buy".

Auch wenn der Wert zur Zeit überkauft ist (siehe Stochastik), dürfte sich in einem positiven Umfeld meiner Meinung nach ein Engagement lohnen.

Ciao

Markus

[MarkusHM]

Hi,

hat echt niemand von euch Inrange? Schade - ich hätte nämlich gerne jemanden zum Diskutieren.
Übrigens ist der Kurs heute nur noch bei 19$! Meiner Meinung nach ist das jetzt DIE Einstiegsgelegenheit schlechthin! Nur ist der Handel in Deutschland recht flau, was am noch recht geringen Bekanntheitsgrad in Deutschland liegt - da hatten wohl Herr Förtsch & Co noch nicht ihre Finger drinnen....aber das kann ja nur gut sein
Drum: Zur Zeit am besten direkt in den USA kaufen, wo der durchschnittliche Handel bei ner knappen Million liegt.

Ciao

Markus

[MarkusHM]

Wenn das keine gute Nachricht ist....

INRANGE`s Fourth Quarter Revenues to Exceed Analysts` Expectations; Expected Record Revenues Fueled by Strong Fibre Channel Director Shipments


LUMBERTON, N.J., Jan 11, 2001 /PRNewswire via COMTEX/ -- INRANGE Technologies
(Nasdaq: INRG), a leader in high-end storage networking solutions, announced
today that preliminary review of the fourth quarter period ending 12/31/2000 was
strong in all INRANGE business segments, and revenues will exceed analysts`
expectations.

Shipments and revenues in the Open Storage Networking line of business, which
includes the company`s industry-leading, 64-port IN-VSN(TM) FC/9000(TM) Fibre
Channel Director and optical networking products, continued to gain traction,
contributing greatly to what should be record fourth quarter revenues. The
company expects revenue growth in Open Storage Networking for the fourth quarter
year-over-year period to exceed previous guidance of 200%. In addition, the
company expects total quarterly revenue growth of approximately 47% for the same
fourth quarter year-over-year period.

"We are very pleased with our preliminary review of Q4 results," stated INRANGE
President and CEO Greg Grodhaus. "Our FC/9000 revenues were bolstered by
shipments from several key business partners in the fourth quarter. We believe
that our expected fourth quarter revenues confirm that the guidance which we
previously provided for the 2001 Fiscal Year will be exceeded."

INRANGE is expected to announce fourth quarter and 2000 results on February 13,
2001.

About INRANGE Technologies (www.inrange.com)

INRANGE Technologies designs, manufactures, markets and services networking and
switching products for storage, data and telecommunications networks. Our
products provide fast and reliable connections among networks of computers and
related devices and are used in global 2000 businesses and other enterprises
that operate large-scale and heterogeneous systems where open connectivity,
reliability, and continuous availability are critical. Our products are designed
to be compatible with various vendors` products and multiple communication
standards and protocols.

INRANGE and the INRANGE logo are registered trademarks of INRANGE Technologies
Corporation. IN-VSN and FC/9000 are trademarks of INRANGE Technologies
Corporation. All other trademarks and product names are the property of their
respective owners.

Forward-Looking Statement

This press release contains a discussion of our expectations for our product
introduction and capabilities, and other forward-looking statements, in addition
to historical facts. Statements regarding our product introduction and
capabilities, competitive strengths, business strategy, future financial
position, the markets and market growth for our products, and our plans and
objectives, are forward-looking statements and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in our release can also be identified generally by
the use of forward-looking terminology such as "may", "will", "expect",
"should", "intend", "estimate", "anticipate", "believe", "continue" and the
like. Due to the risks and uncertainties of our business, including, but not
limited to those described in the "Risk Factors", "Management`s Discussion and
Analysis of Financial Condition and Results of Operations" and "Business"
sections of our prospectus, and the other reports we file from time to time with
the Securities and Exchange Commission, readers are cautioned not to rely on
these forward-looking statements, which speak only as of the date of this
release. In particular, the timing of the introduction and the capabilities of
the products we are developing are subject to the risks and uncertainties of our
business, described in those sections and other reports. We can give no
assurance that our expectations, as reflected in these forward- looking
statements, will prove to have been correct and our actual results could differ
substantially from those anticipated.

SOURCE INRANGE Technologies

Inrange heute +17 % auf 18 Dollar

Äh - wie kann ich hier eigentlich Charts einfügen? Irgendwie klappt das nicht....

Ciao

Markus

[samos]

hi markus,
ich habe Inrange, die deutsche Niederlassung ist bei mir im selbem Gebaüde. Die habe ich leider zu hoch gekauft, aber ich werde sie halten, ich bin zuverlässig das die Firma eine vielversprechende Zukunft hat..
Wir brauchen hier mehr Input über Inrange...
auch Interwoven finde ich gut.

[MarkusHM]

RESEARCH ALERT-JP Morgan cuts Inrange target


NEW YORK, Feb 12 (Reuters) - J.P. Morgan Chase on Monday
said analyst Bill Lewis cut his price target for Inrange
Technologies Corp. , a maker of computer storage and
data networks, to $25 from $60 per share.
The Mount Laurel, N.J., company`s shares plummeted $2-7/8
to $15-1/2, or more than 15 percent, in Monday morning trade on
Nasdaq. The stock`s 52-week range is $10-13/16 to $65-5/8.
((--Jackie Sindrich New York Newsdesk 212 859 1700--))

Was soll das bitte? Morgen stehen bei Inrange Quartalszahlen an, die viel besser ausfallen sollen, als bisher erwartet (siehe Thread oben). Und was macht J.P. Morgan? Die senken das Kursziel von 60 auf 25 Dollar! Da ist doch was oberfaul!?!
Wollen die nur billig einsteigen?

Markus

[fastlove]

INRANGE Q4 Open Storage Networking Revenues Up 268%
Record Revenues Hit $71.1 Million
LUMBERTON, N.J., Feb. 13 /PRNewswire/ -- INRANGE Technologies Corporation (Nasdaq: INRG - news), a leading provider of networking products and services for storage area networks (SANs), and data and telecommunications networks, today reported record revenues of $71.1 million, net income of $7.4 million and earnings per share of $.09 for the quarter ended December 31, 2000.

Fourth Quarter Net Income Up 148%

The company reported record revenues for the fourth quarter of $71.1 million, a 48% increase over fourth quarter 1999, and up 11% sequentially over the third quarter 2000.

Revenues in the open storage networking business (which includes fibre channel directors and optical networking equipment and services) for the fourth quarter 2000 totaled $17.7 million, a 268% increase over fourth quarter 1999, and up 24% sequentially over the third quarter 2000.

The company reported net income of $7.4 million, a 148% increase over fourth quarter 1999. Reported fourth quarter earnings per share of $.09 is a 125% increase over fourth quarter 1999.

Results for Fiscal Year 2000

Revenues for the year ended December 31, 2000, were $233.6 million, a 16.5% increase over 1999. In the open storage networking business, revenues increased 179% to $49.1 million compared with 1999.

For the year, net income was $20.3 million, or $0.26 per share, excluding the effects of the technology write-off associated with the acquisition of Varcom. Including the write-off, net income was $14.3 million, or $0.18 per share. Full year 1999 reported net income was $22.3 million, or $0.29 per share, including the effects of investment gains, a gain on the sale of real estate, and a special restructuring charge. Excluding the unusual items in 1999, net income was $18.6 million or $0.25 per share.

The company ended the year with 926 employees. This included an increase of 213 sales, service and engineering professionals added primarily to support the open storage networking initiative, anchored by the new FC/9000 fibre channel director, and to expand its professional / consulting services.

``We are delighted with our record fourth quarter revenues and our 36th consecutive quarter of profits, excluding unusual or non-recurring items. In particular, customer demand for our FC/9000 and open storage networking offerings reached unprecedented levels,`` said Greg R. Grodhaus, President & CEO of INRANGE Technologies.

``Our business is about large, complex networks -- and how `large scale,` which exponentially increases network complexity, changes the `rules of the game.` Customers are interested in solutions. INRANGE provides these solutions by combining leading technology and the expert resources to help customers use this technology to solve their complex business problems. We do this through:


* Over 450 field-based professionals working directly with our customers
and business partners to deliver solutions tailored to each customer`s
specific application and environment. There are no `one-size-fits-all`
large-scale networking solutions.

* Innovative, powerful technologies such as our unique `any-to-any,
non-blocking` XCA(TM) architecture in our FC/9000. This design is
based on years of proven performance in environments across multiple
protocols such as fibre channel, ESCON, GbE, and ATM networks, where we
provide scalable switches and directors of up to 24,000 ports.
However, scalability is about much more than `size` -- it is also about
performance and availability. Our XCA architecture allows performance
to remain constant as the customer grows its FC/9000 from 24 to
256 ports.

* Our ability to deliver in rapidly changing technological environments.
Our systems expertise and switching software are not limited to any
niche server, storage, or operating system platform or communications
protocol.


For these reasons we are confident that our storage networking solutions give our customers the right choice for today and the future -- regardless of scale, protocol, or the continuously changing technology landscape,`` added Grodhaus.

Fourth Quarter Highlights
* IBM to resell the IN-VSN(TM) FC/9000 fibre channel director for the IBM
eServer z900 FICON networks and Open Systems Fibre Channel Storage
Networks (SANs).

* Strategic relationships initiated with Tivoli and Veritas.

* Fibre channel and FICON support for the 256 port, CD/9000 ESCON Storage
Director was announced. INRANGE is the only company to provide all
three enterprise storage networking protocols in a single director.

* Expanded the distance capabilities of SANs past the traditional 10 km
barrier by introducing technology that allows INRANGE directors to
reach 100 km on every FC/9000 port.

* Record service business revenues of $12.2 million -- 42% growth compared
to Q4 1999 ($8.6 million) and 20% growth sequentially compared to
Q3 2000 ($10.2 million).

2000 Year Highlights
* Successful launch of the FC/9000 fibre channel director on February 28,
with general availability in July.

* INRANGE IN-VSN FC/9000 fibre channel director voted "most innovative
product of the year" at Forum STOCKAGE 2000, one of Europe`s largest
exhibitions for storage networking vendors.

* Successful acquisition and integration of Varcom Corporation, TCS/STI
and Computerm Corporation.

* Successful initial public offering of 8.85 million INRANGE shares.

* Signed a worldwide reseller agreement with Hewlett-Packard for HP to
resell INRANGE`s IN-VSN 9801 SNS storage networking systems and DWDM
optical networking products.

* Invested more than $16 million in the INRANGE Interoperability
Initiative (I3) interoperability and testing laboratory in Shelton,
Connecticut, providing testing, training, problem solving and
integration support for SANs incorporating INRANGE and other vendors`
products and software, to mirror customer environments.

Subsequent Developments
* Worldwide reseller agreement with Hitachi Data Systems. HDS will resell
the entire IN-VSN Storage Networking family, including the FC/9000
fibre channel directors, CD/9000 ESCON/Fibre Channel/FICON Directors,
Spectrum-II DWDM optical networking products, and the 9801SNS channel
extension offerings.

* Acquisition of Prevail Technology, a professional services company with
expertise in designing and implementing high availability solutions for
IT infrastructure and E-business environments.


Grodhaus concluded, ``2000 was an important milestone year for INRANGE. We literally `kick-started our growth engine`. Today, in addition to our large customers, we find that even small and medium sized companies are deploying large-scale storage applications. Previously their only storage networking choice was a fabric of small switches. With our FC/9000 director and the IN-VSN family of storage solutions, we now give customers the right solution for what they have always needed to support large-scale storage applications.``

``In just the first five months of general availability of our FC/9000 fibre channel director, we estimate that we have taken between 10% to 15% market share, illustrating our strong growth potential. This strong growth, coupled with our worldwide field organization and proven long-term history of consistently generating positive cash flow and profits, will greatly benefit our customers, investors and employees going forward. For all of these reasons, I am confirming our previous guidance of expected open storage networking growth of 175% and top line revenue growth of 35% for 2001.``

About INRANGE Technologies ( www.inrange.com )

INRANGE Technologies designs, manufactures, markets and services networking and switching products for storage, data and telecommunications networks. Our products provide fast and reliable connections among networks of computers and related devices and are used in global 2000 businesses and other enterprises that operate large-scale and heterogeneous systems where open connectivity, reliability and continuous availability are critical. Our products are designed to be compatible with various vendors` products and multiple communication standards and protocols.

INRANGE and the INRANGE logo are registered trademarks of INRANGE Technologies Corporation. IN-VSN, FC/9000, XCA and CD/9000 are trademarks of INRANGE Technologies Corporation. All other trademarks and product names are the property of their respective owners.

Forward-Looking Statements

This press release contains forward-looking statements, in addition to historical facts. Statements regarding our competitive strengths, business strategy, future financial position, the markets and market growth for our products, and our plans and objectives, are forward-looking statements and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in our release can also be identified generally by the use of forward-looking terminology such as ``may,`` ``will,`` ``expect,`` ``should,`` ``intend,`` ``estimate,`` ``anticipate,`` ``believe,`` ``continue`` and the like. Due to the risks and uncertainties of our business including, but not limited to, those described in the ``Risk Factor,`` ``Management`s Discussion and Analysis of Financial Condition and Results of Operations`` and ``Business`` sections of our prospectus, and the other reports we file from time to time with the Securities and Exchange Commission, readers are cautioned not to rely on these forward-looking statements, which speak only as of the date of this release. We can give no assurance that our expectations, as reflected in these forward-looking statements, will prove to have been correct and our actual results could differ substantially from those anticipated.

INRANGE TECHNOLOGIES CORPORATION
UNAUDITED BALANCE SHEETS
(in thousands)

December 31, December 31,
2000 1999

ASSETS

CURRENT ASSETS:
Cash and cash equivalents $ 22,646 $ 1,023
Demand note from SPX 60,956 --
Accounts receivable, net 79,988 51,037
Inventories 29,271 27,624
Prepaid expenses and other 5,209 1,314
Deferred income taxes 4,968 4,650
Total current assets 203,038 85,648

PROPERTY, PLANT AND EQUIPMENT, net 16,103 10,117

PROPERTY HELD FOR SALE -- 4,256

GOODWILL, net 44,629 7,710

OTHER ASSETS, net 37,288 24,619

Total assets $ 301,058 $ 132,350

LIABILITIES AND STOCKHOLDERS` EQUITY

CURRENT LIABILITIES:
Short term borrowings and current
portion of long term debt $ 4,438 $ 4,111
Accounts payable 23,541 20,458
Accrued expenses 29,401 15,363
Deferred revenue 10,923 10,401
Total current liabilities 68,303 50,333

LONG TERM DEBT 1,283 20

DEFERRED INCOME TAXES 918 3,499

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS` EQUITY:
Common Stock, Class A 756 756
Common Stock, Class B 89 --

Additional paid in capital 133,946 (5,335)
Retained earnings 95,155 82,426
Net equity of combined units -- 730
Accumulated other comprehensive income 608 (79)
Total stockholders` equity 230,554 78,498

Total liabilities and
stockholders` equity $ 301,058 $ 132,350


INRANGE TECHNOLOGIES CORPORATION
UNAUDITED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

Quarter Ended Year Ended
December 31, December 31,
2000 1999 2000 1999

REVENUE:
Product revenue $ 58,912 $ 39,421 $ 194,200 $ 166,556
Service revenue 12,211 8,597 39,446 34,066
Total revenue 71,123 48,018 233,646 200,622

COST OF REVENUE:
Cost of product
revenue 27,911 18,307 92,014 78,803
Cost of service
revenue 6,893 5,191 25,026 20,838
Total cost
of revenue 34,804 23,498 117,040 99,641

Gross margin 36,319 24,520 116,606 100,981

OPERATING EXPENSES:
Research, development
and engineering 6,722 4,492 22,589 18,928
Selling, general and
administrative 18,467 13,433 58,898 48,269
Amortization of
goodwill and other
intangibles 982 267 2,263 1,068
Special charges (600) 900 (540) 10,587
Write off of acquired
in process technology -- -- 10,000 --
Gain on sale of
real estate -- -- -- (2,829)
Operating
expenses 25,571 19,092 93,210 76,023

OPERATING INCOME 10,748 5,428 23,396 24,958

INTEREST EXPENSE /
(INCOME) (1,494) 215 (348) 925

OTHER (INCOME) / EXPENSE (54) 187 (22) (13,726)

Income before
income taxes 12,296 5,026 23,766 37,759

INCOME TAXES 4,918 2,054 9,506 15,459

NET INCOME $7,378 $2,972 $14,260 $22,300

BASIC AND DILUTED EARNINGS PER SHARE

BASIC $0.09 $0.04 $0.18 $0.29
DILUTED $0.09 $0.04 $0.18 $0.29

SHARES USED IN
COMPUTING BASIC 84,483 75,633 77,961 75,633
SHARES USED IN
COMPUTING DILUTED 86,798 75,633 78,675 75,633

BASIC AND DILUTED
EARNINGS PER SHARE
EXCLUDING ACQUIRED
IN PROCESS TECHNOLOGY
WRITEOFF

BASIC $0.09 $0.04 $0.26 $0.29
DILUTED $0.09 $0.04 $0.26 $0.29

SHARES USED IN
COMPUTING BASIC 84,483 75,633 77,961 75,633
SHARES USED
IN COMPUTING DILUTED 86,798 75,633 78,675 75,633


INRANGE TECHNOLOGIES CORPORATION
RECONCILIATION OF RESULTS ON A COMPARATIVE BASIS
EXCLUDING UNUSUAL ITEMS
(in thousands, except per share data)

Quarter Ended Year Ended
December 31, December 31,
2000 1999 2000 1999

INCOME BEFORE TAXES $12,296 $ 5,026 $23,766 $37,759

UNUSUAL ITEMS:

Write off of acquired
in process technology -- -- 10,000 --
Special charges (600) 900 (540) 10,587
Gain on real estate -- -- -- (2,829)
Gain on investments -- -- -- (13,914)

INCOME EXCLUDING UNUSUAL
ITEMS BEFORE TAXES 11,696 5,926 33,226 31,603

INCOME TAXES EXCLUDING
UNUSUAL ITEMS 4,678 2,430 13,290 12,957

NET INCOME EXCLUDING
UNUSUAL ITEMS $7,018 $ 3,496 $19,936 $18,646

EARNINGS PER SHARE:
BASIC $0.08 $0.05 $0.26 $0.25
DILUTED $0.08 $0.05 $0.25 $0.25

SHARES USED IN
COMPUTING BASIC 84,483 75,633 77,961 75,633
SHARES USED IN
COMPUTING DILUTED 86,798 75,633 78,675 75,633

SOURCE: INRANGE Technologies Corporation






KAUFEN!!!!!
SUPER ZAHLEN!