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"We are helping the long distance carriers and telephone companies to deliver business communications services."
That's how Raymond Lin, founder and president of Premisys Communications Systems Inc., describes the mission of his Fremont, Calif.-based company.
And, at a time when telecommunications markets are being deregulated around the world, investors love that message, making Premisys one Wall Street's biggest successes.
From its initial public offering price of $16 per share in April, Premisys' stock soared 1,200 percent by the end of 1995, giving the company a market value of over $1.2 billion, despite total sales of only $39 million for the 12 months ended Sept. 30, 1995.
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