BUSINESS SUMMARY
Efficient Networks, Inc. develops and supplies high-speed digital subscriber line (DSL) customer premises equipment for the broadband access market. The DSL solutions enable telecommunications and other network service providers to provide high-speed broadband access services over the existing copper wire telephone infrastructure. The products enable applications such as high-speed Internet access, electronic commerce, remote access, telecommuting and extensions of corporate networks to branch offices. The customers of the company are network equipment vendors, network service providers and internet service provider. The company became publicly held in July 1999. The company operates in the United States, Europe and Pacific Rim. During fiscal 2000, the company acquired Network TeleSystems & FlowPoint Corporation. On September 27, 2000, the company MultiMedia Development Corporation.