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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: Madharry who wrote (22313)7/24/2000 8:32:18 PM
From: Greg h2o  Read Replies (2) of 42804
 
<<I researched this once before and the irs had some pretty stringent criteria- it had to be at least an 80% owned sub and had to be in operation for at least 5 years in order to qualify as a tax free spin-off.>>

certainly, that would include Luminent....it's totally owned by MRV and is the largest revenue generator for the company. if their was a spinoff, i can't imagine why it wouldn't be tax-free.... of course, that could be a mute point.
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