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Home > Company Index > Telecommunications > Switching & Transmission Equipment > Orckit Communications Ltd.

Orckit Communications Ltd.
Nasdaq: ORCT
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 NEWS FROM THE STANDARD
Deutsche Telekom Expands ADSL Trial
Sep 09 1998 12:00 AM PDT

 PROFILE
Orckit Communications stores its fortune in CopperTrunks. Telephone companies and Internet service providers use its digital subscriber line (DSL) technology to boost clients' Internet access, videoconferencing, and multimedia transmission speed over existing copper wire networks. Orckit's CopperTrunk and FastInternet DSL systems include line cards and network management equipment for the telco's central office and modems for its customers' premises. Orckit has sales and marketing agreements with equipment makers including Fujitsu, Jetstream, and Lucent. The company sells its products worldwide. CEO Eric Paneth and president Izhak Tamir together own about 30% of Orckit.

 COMPETITION
Cisco Systems, Inc. (CSCO)
ECI Telecom Ltd. (ECIL)
Lucent Technologies Inc. (LU)

 DEALS
Deal: Orckit and Cayman Awarded Funding
Date Announced: 11.01.99
Value of transaction (US $Mil): 2
Description: Two firms awarded $2 million to design and develop technology enabling commercial mass deployment of residential broadband systems.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 130.30
1-Yr. Sales Growth: 46.6%
Employees: 583
Revenue per employee: $223,499.14

 KEY PEOPLE
• Eric Paneth
    CEO
• Aviv Boim
    CFO

 CONTACT INFO
126 Yig'al Allon St.
Tel Aviv 67443, Israel
Phone: 972-3-696-2121
Fax: 972-3-696-5678
Online: Web Site

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