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: cmg who wrote (21470)	6/14/2000 11:25:00 AM
From: cmg	Read Replies (2) of 42804

Zaffire Investment: Multilayer Optical Switch (IPO Q4/Q1) £ Zaffire recently closed an $85 million third round, which we believe was completed at an $850 pre-IPO valuation. In addition to the solid valuation, the financing was backed by an outstanding list of new financial and strategic investors. With new names such as Morgan Stanley Dean Witter, Bank of America Securities and Oppenheimer on board, there is no question about Zaffire's ability to go public. Zaffire's management also chose to allow ten strategic investors, such as Vitesse and ETEK, to participate in order to ensure component supply. MRV also participated in the round and retained more than 20% ownership. I wasn't aware that Vitesse and ETEK PARTICIPATED....hum hum...cmg

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