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Article Excerpt
M2 PRESSWIRE-29 February 2008-investorIM: Has added Avici Systems Inc. to their watch list(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:29022008
InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a stock related question, then why not ask 50,000 individual members? Are you a shareholder of Avici Systems Inc. (NASDAQ:AVCI)? Join the many members engaged in this stock right now. Come see for yourself at www.investorim.com for your complimentary subscription.
Avici Systems Inc. was down less than $1.00 with above average volume mid day trading.
Thursday, February 28, 2008-- Avici Systems Inc. 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,"...
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