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Home > Company Index > Computer Hardware > Networking & Communication Devices > Madge Networks N.V.

Madge Networks N.V.
Nasdaq: MADGF
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 PROFILE
Madge Networks hopes to run (token) rings around the competition. The company sells token ring LAN products including hubs, switches, and adapter cards through its Madge.connect subsidiary. An unsuccessful attempt to move beyond the token ring market has resulted in the company's decision to sell off or discontinue operations of its Madge.web unit, which offers voice and data networking, virtual private network, and Web hosting services. Madge holds a minority stake in a Bluetooth networking company, Red-M, which started as a Madge subsidiary. Madge Networks generates 40% of its sales outside of Europe. Founder and CEO Robert Madge owns more than half of the company through several trusts.

 COMPETITION
Cisco Systems, Inc. (CSCO)
International Business Machines Corporation (IBM)
Nortel Networks Corporation (NT)

 DEALS
Deal: Volendam Takes Stake in Madge
Date Announced: 07.26.00
Value of transaction (US $Mil): 60
Description: Investment company takes stake in networking-services provider.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 156.50
1-Yr. Sales Growth: (20.2)%
Employees: 600
Revenue per employee: $260,833.33

 KEY PEOPLE
• Martin Malina
    CEO
• Christopher Bradley
    CFO

 CONTACT INFO
Wexham Springs, Framewood Rd., Wexham
Slough SL3 6PJ, United Kingdom
Phone: 44-1753-661-000
Fax: 44-1753-661-011
Online: Web Site

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