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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: WebDrone who wrote (14494)7/16/1999 9:54:00 PM
From: Sector Investor  Read Replies (1) of 42804
 
<<The crux is that NA and Charlott's are getting MRVC technology without compensation to the investors.>>

That is a bunch of sour grapes, IMO. He exited a few points ago, after covering a short position and hasn't posted since, I believe.

First off, they haven't even finished acquiring them yet. How do they spin off what they haven't fully acquired yet?

I don't know the CW situation, but NAC warrants were in 2 installments, 7/1/99 (should be completed) and 1/4/2000. They should own about 40% right now and 60% after the warrants are fully exercised.

Message 8648120

Secondly, the timing of an IPO is very important. Value is higher when contracts have been won and product is shipping. NAC is closer than CW in terms of sales and shipping. I think NAC has an unconfirmed sale of MetroFusion that ships in the next 1-3 months. CW is probably 3-6 months further behind with product, so the warrant situation may also extent further into the future (which is supported by the fact that the CW ownership situation is NOT in the 1998 10-K).

Thirdly, the earnings of MRVC's other acquisitions that they have a majority position in, flow to their bottom line (I'm sure NAC and CW will too), so he is just plain wrong on this.

This info was also from the 10-K (Kempton is now called Hyperchannel):

techstocks.com
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