Avici Reports Q4

Avici Systems reports fourth quarter and full-year 2007 results

February 28, 2008

1 Min Read

BILLERICA, Mass. -- Avici Systems Inc. (NasdaqGM:AVCI - News) today reported results for its fourth quarter and full year ended December 31, 2007.

Gross revenue for the three and twelve months ended December 31, 2007 was $44.9 million and $124.3 million, respectively, compared to $15.9 million and $82.8 million, respectively for the three and twelve months ended December 31, 2006.

"This year marks an exciting turning point for the Company as we change our name to Soapstone Networks and deliver a revolutionary product that will help accelerate the adoption of Carrier Ethernet technology and automate the entire service lifecycle," said Bill Leighton, Chief Executive Officer, Avici Systems. "I am very pleased with the progress we have made in developing and marketing the Soapstone PNC(TM) solution, which we believe will significantly accelerate innovation in the delivery of new network services."

Avici Systems Inc. (Nasdaq: AVCI; Frankfurt: BVC7)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like