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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: Sector Investor who wrote (20044)4/4/2000 7:44:00 PM
From: Bridge Player  Read Replies (2) of 42804
 
<<That's just plain silliness, IMO. Do you think Noam and Co. are watching the stock and doing things to prop it up? >>

You betcha your bottom dollar I do Sector, I believe exactly that.

IMO the timing of the latest 2 news releases from the company are undoubtedly an attempt to stem the selling that has overtaken not only MRVC but the whole tech sector.

In prior, recent times, the announcement that the company had "delivered its first large revenue order" would only have come out during the cc. I also note that there was no mention of the customer; there was no mention of the dollar amount; there was no mention of whether the system had been "installed", was "operational", or "working", only that it had been "delivered". Contrast with the recent Juniper announcement that their system [paraphrasing: do not have text readily available] has been deployed in someones network. Why not? Is MRVC really subject to contractual contraints that prevent them from releasing such information? Hell no. Nobody else is. They are simply struggling with their old mentality that says, "Don't let the competition have any clue about where we are at, how our marketing is doing, or how well our products are doing in the market place. Let's sneak up on them." Again IMO Noam has a lot to learn about press releases designed to prop up the stock.

But there is no question in my mind that that is what they did. And to their credit. Companies do it all the time. And I am NOT a believer in conspiracy theories.

BP
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