Avici Systems Inc. (AVCI) - 500 Beiträge pro Seite

[benefactor [KommA]]

BUSINESS SUMMARY:
Avici Systems, Inc. provides high-speed data networking equipment that enables networking service providers to transmit data, voice, and video across their networks in North America and Europe. Its primary routing product family consists of three chassis platforms and various line cards. The company provides three equipment configurations, such as the Terabit Switch Router product for the stresses of carrier core routing in large Internet protocol (IP) networks; Stackable Switch Router, a rack-mountable scalable router for service providers with smaller core networks; and Quarter-rack Scalable Router. Its routers are designed to provide high performance across large IP-based core networks; stability and interoperability; and in-service modular scalability to enable non-disruptive incremental capacity additions to the network. The company\'s products provide these benefits through its proprietary technologies, including its application specific integrated circuits, Velociti switch fabric and distributed system design, IPriori system software, Composite Links, and Non Stop Routing technologies. In addition, it offers support and maintenance, as well as installation and service. The company was founded in 1996 and is headquartered in North Billerica, Massachusetts.
http://www.avici.com

[benefactor [KommA]]

Avici Systems Reports Second Quarter 2007 Results
Thursday July 19, 7:30 am ET

Revises Revenue Guidance to $110-125 Million, Including Final Router Shipments

NORTH BILLERICA, Mass.--(BUSINESS WIRE)--Avici Systems Inc. (NASDAQ: AVCI - News), today reported results for its second quarter ended June 30, 2007.

Gross revenue for the three and six months ended June 30, 2007 was $29.6 million and $50.2 million, respectively, compared to $25.3 million and $46.7 million, respectively for the three and six months ended June 30, 2006.

Based on final orders received for its router products including network expansion and customer last time purchases, Avici is raising its expected revenue guidance for the full year 2007 to $110 to $125 million with the variability attributable to timing of manufacturing and final shipment dates.

"I am pleased to report our highest quarterly revenue yet," said Bill Leighton, Chief Executive Officer of Avici Systems. "As we transition out of the router business, we continue to see strong revenues and profitability. We are also very pleased with the progress of development and market reaction for the Soapstone Provider Network Controller (PNC)(TM) product. We believe the PNC provides carriers a key component in deploying technology agnostic services that leverage Next Generation Network software frameworks and cost-effective transport technologies such as Carrier Ethernet and eventually hybrid Optical Ethernet to drive their top line growth."

GAAP net income for the second quarter ended June 30, 2007 was $12.1 million, or $0.82 per share, compared to a GAAP net income of $7.9 million, or $0.58 per share, in the prior year's second quarter. GAAP net income in the 2007 period includes $0.7 million of non-cash equity based charges associated with Financial Accounting Standards Board Statement No. 123R ("SFAS 123R") and $0.1 million associated with certain inventory credits. GAAP net income for the 2006 period includes $1.0 million of special charges associated with the 2006 restructuring, $0.4 million of non-cash equity based credits associated with SFAS 123R and $0.1 million of certain inventory credits.

GAAP net income for the six months ended June 30, 2007 was $18.1 million, or $1.24 per share, compared to a GAAP net income of $2.6 million, or $0.19 per share, for the six months ended June 30, 2006. GAAP net income in the 2007 period includes $1.1 million of non-cash equity based charges associated with SFAS 123R, $0.3 million of special charges associated with the 2006 restructuring and $0.2 million of certain inventory credits. GAAP net income for the 2006 period includes $7.7 million of special charges associated with the 2006 restructuring, $0.1 million of non-cash equity based credits associated with SFAS 123R, $0.5 million of non-cash common stock warrant discount charge and $0.2 million of certain inventory credits.

Non-GAAP net income (GAAP net income excluding charges for restructuring, certain stock based compensation, common stock warrant discount and inventory credits) for the second quarter ended June 30, 2007 was $12.7 million, or $0.86 per share compared to non-GAAP net income of $8.5 million, or $0.62 per share in the second quarter of 2006. Non-GAAP net income for the six months ended June 30, 2007 was $19.2 million, or $1.32 per share, compared to non-GAAP net income of $10.4 million or $0.78 per share for the prior year six month period ended June 30, 2006.

In April 2007, the Board of Directors declared a special cash dividend of $2.00 per share and accordingly the Company distributed $28.3 million on June 22, 2007. Cash, cash equivalents and short and long-term marketable securities after such distribution totaled $61.1 million at June 30, 2007.

http://biz.yahoo.com/bw/070719/20070719005273.html

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 30.760.509 von benefactor am 19.07.07 15:05:07

Die aktuellen Zahlen darf man allerdings nicht einfach weiter in die Zukunft projizieren, da sich AVCI Ende 2007 aus dem Core Router Geschäft zurückziehen wird.

[SilentHill]

Antwort auf Beitrag Nr.: 30.761.451 von benefactor am 19.07.07 15:53:17

Hab es mal kurz überschaut aber warum ziehen die sich aus dem Geschäftsbereich zurück, wenn er ja nicht so schlecht laufen kann, wenn ich mir den Quartalsbericht ansehe?

Verkaufen sie den Bereich für viel Geld, oder wie?

Ja KGV für dieses Jahr ist dann enorm niedrig bei rund 40 Mio Gewinnen. Wieviel von den Gewinnen bleibt dann aber noch im Jahr 2008 übrig?

Die Story ist wohl eine längere Disussion wert, oder?

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 30.767.990 von SilentHill am 19.07.07 23:30:41

Also, ich habe die Aktie erstmal auf der Watchlist und werde auch vorerst keine kaufen. Die Aktie ist schon eine richtige Diskussion wert, aber erst so gegen 2008/2009. Man muss noch abwarten, was übrig bleibt und wie sich der neue Geschäftsbereich entwickeln wird. Ich kann mir gut vorstellen, dass hier noch der ein oder andere Absturz folgen wird, nachdem die Zahlen im Q1/2008 plötzlich völlig anders ausfallen werden. Interessant sind vor allem die wenigen outstanding shares und der extrem hohe Cashbestand für so eine kleine Bude.