S&P World Company Profile
Orckit Communications Ltd.
(ORCT:Nasdaq)
Company Profile
Status: Full Time Employees:
249
Headquarters: Year Founded:
Israel 1990
Executive Name: Executive Title:
Eric Paneth Chairman
Chief Executive Officer
Year Listed:
1996
Revenue
(TTM)
EBITDA
(TTM)
Revenue
Growth (1 YR)
Net Income
(TTM)
Return on
Equity (TTM)
Total Debt
(MRQ)
$10.2M –$25.5M -26.25% -$25.0M -108.14% $22.5M
Data as of 03/29/2010
TTM= Trailing Twelve Months; MRQ= Most Recent Quarter
Primary Industry:
Communications Equipment
Semiconductors and Semiconductor Equipment
Diversified Telecommunication Services
Orckit facilitates telecommunication providers' delivery of high capacity broadband residential, business and mobile services over wireline or wireless networks with its Orckit-Corrigent family of products. With approximately 20 years of field experience, worldwide Tier-1 customers and sound leadership, Orckit has a firm foothold in the ever-developing world of telecommunication.
  Orckit-Corrigent's product lines include Carrier Ethernet + Transport (CE+T) switches - an MPLS based portfolio enabling advanced packet as well as legacy services over packet networks with a wide set of transport features, and Personalized Video Distribution systems - an advanced video distribution portfolio, optimized for IPTV, enabling multiple HD streams per home.
  Orckit-Corrigent markets its products directly and indirectly through strategic alliances as well as distribution and reseller partners ...

Detailed Business Summary

Investor Contact:
Jeff Corbin

Email:
info@orckit.com

Phone:
972-3-696-2121

Fax:
972-3-696-5678

Address:
126 Yigal Alon St.
Tel Aviv, 67443
Israel

Other Exchanges & Indices
NASDAQ Israel Index, TA Mid Cap 50, TA Tel TechTel-Aviv Stock Exchange
Company Timeline
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View ORCT's annual reports, video & media, and other significant company events.
Feb
2010
Mar
Apr
May
Jun
Jul
Management Discussion

Izhak Tamir

Chairman & President

   Orckit Communications facilitates for telecommunication providers the delivery of high capacity broadband residential, business and mobile services over wireline or wireless networks. With 20 years of field experience and a highly regarded list of worldwide Tier-1 customers, Orckit has a firm foothold in the ever-developing world of telecommunications.
   The company's product lines include Orckit-Corrigent Carrier Ethernet + Transport (CE+T) switches – an MPLS-based portfolio enabling advanced packet as well as legacy services over packet networks with a wide set of transport features, and personalized video distribution systems – an advanced video distribution portfolio, optimized for IPTV enabling multiple HD streams per home.
   Orckit-Corrigent Carrier Ethernet + Transport (CE+T) solutions provide a myriad of residential triple-play, enterprise...

View full Message to Investors

Products
Featured Products
Carrier grade CE+T MPLS
Description:
Carrier grade CE+T MPLS
switch with a wide set of
transport features
Medium capacity
Description:

Medium capacity carrier grade CE+T MPLS switch with a wide set of transport features

High capacity
Description:
High capacity carrier grade CE+T
MPLS switch with a wide set of
transport features
FINANCIALS
Financial Highlights
Fiscal Year Ends:
December 29, 2009
Most Recent Quarter Ends (MRQ):
29-Mar-10
Profitability
Management Effectiveness
Ratios
Balance Sheet
Cash Flow Statement
Income Statement
Gross Margin (TTM)31.59%
Operating Margin (TTM)-254.98%
Return on Capital (TTM)-37.55%
TTM = Trailing Twelve Months
LFY = Last Fiscal Year
Data as of 03/29/2010
Ownership
Top 5 Shareholders  
Eric Paneth7.30%
Izhak Tamir7.30%
Research Coverage
Oscar Gruss & Son
Corporate
Awards
View ORCT's Awards.
 
Date Name/Description
05/18/2009Network Products Guide 2009 Product Innovation Award
CM-4140 Selected A Winner In Carrier Ethernet Switch Category
Advisors
Type Name/Company
Auditor Kesselman & Kesselman (member of PricewaterhouseCoopers)
Legal-Corporate Goldfarb, Levy, Eran & Co.
Legal-Corporate Naschitz Brandes & Co
Subsidiaries
Learn about ORCT's subsidiaries.
Company Profile:Website:
Privatewww.corrigent.com
Headquarters:Full Time Employees:
United States
Executive Name:Year Founded:
Izhak Tamir2000
Executive Title:IPO Listing Date:
Chairman
Chief Executive Officer
Corrigent Systems Inc.
Primary Industry(s):
Communications Equipment

Corrigent Systems, Inc. provides packet transport solutions to service providers, MSOs, and private networks. It offers converged packet transport products, including CM-100 and CM-21 PTS product lines that provide end-to-end connectivity to residential and business customers; and packet transport building blocks, which comprise forwarding and control plane building blocks. The company’s products deliver voice, video, and data services over a converged packet transport infrastructure. It also provides triple play, carrier class ethernet, converged and multi service transport, and wireless backhaul solutions, as well as network services. Corrigent was founded in 2000 and is based in San Jose, California. Corrigent Systems, Inc. operates as a subsidiary of Orckit Communications, Ltd.

Address:
101 Metro Drive, Ste. 680

San Jose, California 95110

United States

Top Clients
Name/Business Description
KDDI Corporation
KDDI Corporation provides telecommunication services worldwide. It primarily offers a range of mobile and fixed line products and services.
Media Broadcast Gmbh
Media Broadcast GmbH plans, installs, and operates multimedia transmission platforms in Germany and internationally for television and radio companies.
Deutsche Telekom
Deutsche Telekom AG provides a range of telecommunications and information technology services worldwide.
People
Key Executives
Eric Paneth

Age:

58

Eric Paneth
CEO

Eric Paneth has been Chief Executive Officer of Orckit Communications since its founding in 1990 and was board chairman through July, 2008. Previously, he worked in engineering positions within Israel's Ministry of Defense. Paneth holds an engineering degree from the Technion - Israel Institute of Technology.
Chairman, President & Director
Izhak Tamir

Age:

55

Izhak Tamir
Chairman, President & Director

Izhak Tamir has been President of Orckit Communications since it founded in 1990. Previously he worked at Comstream Inc., in San Diego, California and at A.T. Communication Channels Ltd., a subsidiary of Bezeq. Earlier, he had been a senior engineer in Israel's Ministry of Defense. Tamir has been Chairman of the Board of Orckit Communications since July 2008. He holds an MBA from Tel Aviv University and an engineering degree from the The Technion - Israel Institute of Technology.
Uri Shalom

Age:

37

Uri Shalom
CFO

Uri Shalom has been Chief Financial Officer of Orckit Communications since December 2007 and previously was Director of Finance of Corrigent Systems. Shalom joined Orckit in 1998 and has held several positions in the finance departments of both Orckit and Corrigent. Prior to joining Orckit, Shalom was a senior accountant at PricewaterhouseCoopers in Israel. He served as a CPA for Kesselman & Kesselman, PricewaterhouseCoopers' Israel office. Shalom holds a BA in accounting and economics from Tel Aviv University.
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