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Sorrento Networks Corpora (FIBR) Message Board

  • hot_kim_chee hot_kim_chee Sep 3, 2000 2:31 AM Flag

    from the rb board

    Entrada article from todays San Diego Union

    The price of shares in Entrada Networks,
    a new San Diego-based network technologies company,
    popped almost 63 percent yesterday, the first day of
    trading after the completion of a reverse merger.

    Entrada Networks was formed from the combination of
    Osicom Technologies' Maryland-based Entrada unit and
    Sync Research of Irvine. Sync was a manufacturer of
    wide-area network equipment that never showed a profit
    since its stock began trading in 1995 at $20 a share.

    On Thursday, Sync's stock closed at $4.38 a share.
    But investors reacted enthusiastically yesterday
    after the reverse merger closed and Osicom moved in.

    The price of the renamed company, which began trading
    yesterday under the ticker symbol ESAN, jumped $2.75 to
    close at $7.13 in trading of 733,500 shares.

    spokesman said the 63 percent spike amounted to a Wall
    Street vote of confidence in Osicom and its plan to
    focus Entrada Networks on so-called Storage Area
    Networking technologies.

    Through the merger, Osicom
    acquired about half of the 10.8 million outstanding shares
    of Entrada Networks.

    Osicom Technologies
    supplies metropolitan optical networking systems through
    its San Diego-based subsidiary, Sorrento Networks.
    Osicom's optical networking products address the access,
    aggregation, transport, switching and network-management needs
    of telecommunications carriers and metropolitan
    fiber optic networks.

    Storage Area Networks, or
    SANs, are used to provide data warehousing and
    clustering, online data storage and other types of data

    In 1999, Entrada began developing SAN
    products that use fiber channel technology, a specialized
    format for transmitting data over fiber optic lines or
    even copper wires.

    The company now promises to
    develop a range of products used to connect and operate
    such networks, using fiber channel and other

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