EXFO and Brix build
Test the project Limited Company of the seller EXFO light produced by electricity (Nasdaq: EXFO; Toronto: EXF) Clear that likes M&A: Have already splashed and bought VOIP and tested the expert Navtel communication Limited Company outside one week before, Canadian company has already driven its wallet again for VOIP and IPTV (control Brix network Limited Company of the company) Payment reaches 37,500,000 U.S. dollars (see EXFO buy Brix and test the shareholder that EXFO buys the seller that becomes IMS.)
EXFO pay 28,500,000 the front, as one dollar of additional total numbers at most later might pay, if what Brix followed and took over in 12 months is closed and striking and booking 16 million dollars at all levels. It is over during this quarter that the trade is expected, after which one, 85 personnel will participate in new possessor and Brix the business will rename as EXFO and guarantee the Limited Company in order to serve
And EXFO has not been just busy with the acquiring company: 23 near announce percent get a salary raise in second quarter going U.S. dollar 43,300,000 and income of net income just too because of one point 2 dollars, 700,4 million dollars that tax 001 times fully recovered and moved forward.
Those figures light a fire under Wednesday of EXFO stock price, send it 1.05 dollars upwards, almost 22%, in 5.90 dollars.
The news which Brix obtains, however, because investors do not obtain the favorable comment. EXFO stock drops by 0.30 dollars, the exceeding of 500, 5.60 todays.
The reason? Use as EXFO IP serve, control procedure buy famous brand for the moment, to go to the fields, keep income in EXFO for a moment loss of Brix most. (See the report: IPTV spark OSS lifts, the apparent looking at device of brass-wind instrument of Brix Ethernet service, Telus and Brix test VOIP, Brix expand VOIP serve, test the department at the drama of triple is ordered.)
In 2007, Brix will announce the income of 15,200,000 dollars, but GAAP net loss of 6,800,000 dollars. EXFO says the trade will be defeated by its income in current fiscal year, in neutrality of 2009 fiscal years, and accretive in 2010 fiscal years.
Added Brix through Navtel for it, EXFO has already put into IP and served and guaranteed the market with all strength firmly, ascertain with the passive network, a file making a detour more tests many kinds of products spread from initial laboratory to taking the initiative for it.
Brix has already made the investment to raise 61,500,000 dollars in 5, from supporter from July of 1999 including Castile takes risks, Charles takes risks, ComVentures, takes risks honestly and trustworthily, the star takes the risk of taking risks in the river with Telus.