| Business Summary | | Madge
Networks
N.V.
is
a
global
provider
of
advanced
Internet-centric
network
services
and
products,
and
mission-critical
enterprise
solutions.
In
October
2000,
the
Company
completed
the
reorganization
of
its
operations
into
three
subsidiary
groups,
Madge.connect,
Red-M
and
Madge.web,
and
it
operated
through
these
three
groups
until
April
2001.
Madge.connect
is
a
global
supplier
of
Token
Ring
LAN
product
solutions
for
mission-critical
enterprise
networks.
Red-M
is
a
pioneering
developer
of
Bluetooth
networking
solutions
that
enable
access
to
a
range
of
voice,
video
and
data
from
a
range
of
mobile
devices.
Madge.web
was
a
global
provider
of
rich
content
applications,
content
distribution
and
managed
network
services.
In
April
2001,
one
of
the
Company's
subsidiaries,
Madge.web
Ltd.,
entered
into
Administration
in
accordance
with
the
rules
of
the
English
courts,
in
a
process
similar
to
that
of
Chapter
11
reorganization
under
United
States
law. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MADGF
is
a
global
provider
of
advanced
Internet-centric
network
services
and
products,
and
mission-critical
enterprise
solutions.
For
the
fiscal
year
ended
12/31/00,
net
sales
decreased
24%
to
$125.9
million.
Net
loss
decreased
61%
to
$2.2
million.
Revenues
suffered
from
reduced
market
demand
for
the
Company's
products.
Lower
loss
reflects
a
reduction
in
sales
and
marketing
activities
and
reduced
research
and
development
headcount. Recent Earnings Announcement For
the
6
months
ended
06/30/2001,
revenues
were
44,177;
after
tax
earnings
were
13,872. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Robert Madge, 47 Chairman | $640K | Martin Malina CEO | -- | Christopher Bradley, 38 CFO | 291K | Michael Keilty, 48 Sr.
VP- North America; COO of Madge.web | 393K | Michael Wilson, 42 Sr.
VP; CEO of Red-M | 459K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|