ECI Telecom named Shlomo Dovrat as its new chairman, replacing David Ball who stepped down. Krish Prabhu, the former CEO of Alcatel USA, was named as the new vice chairman of ECI Telecom.
Separately, ECI Telecom reported Q1 revenue of $118.7 million, compared to $149.2 million in Q4 2002 and $175.4 million recorded in Q1 2002. Gross income was $48.7 million, or 41.0% of revenues. There was an operating loss of $5.6 million compared to an operating loss of $2.9 million in Q4. The Inovia Broadband Access Division recorded revenues of $50.8 million compared to $52.0 million in Q4. The Lightscape Optical Network Division (which includes Enavis) recorded revenues of $42.4 million compared to $51.7 million in Q4.
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