MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: WebDrone who wrote (14159)	6/28/1999 2:01:00 PM
From: rascalbythesea	Read Replies (1) of 42804

They never bought back more than the 10 million they announced in Q4. Any short covering that took place because of that buy back was completed by Jan 1, 1999. I believe almost all the short position was normal shorting and frankly I had mentioned on several occasions in the past, that I don't understand why anyone who bought the notes would necessarily short the stock. And if they did, they certainly would have covered long before the stock moved from the 5 level to the 12-14 level. Remember, MRVC has about 155 million in short term investments and sales are still moving up as Noam fights to compete. Their notes will be paid back at maturity unless as I hope, they will be converted to a high priced stock. Benny

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