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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: renard fox who wrote (22553)7/28/2000 12:32:16 AM
From: Madharry  Read Replies (1) of 42804
 
lets put this in perspective- as I warned all 2 days ago-since I have been listening to the cc-s they have always been crappy, never adequately explaining anything. the bottom line however is that they are moving forward with ipos they have real products and real revenues.
To put this in perspective- its market cap at the close 64 1/16 was $3.67B. Corvis which has no revenues right now and 2 customers will have a market cap of $10B at its ipo price.
I doubt that Corvis will close tomorrow at anything less than 70 so you are looking at around a minimum $20B market cap for Corvis. Is Corvis worth 6 times what MRVC has going for it? I don't think so. If MRVC sells for half of what I expect Corvis to close at it would be worth $10B or about 2 1/2 times what it is going for now. That is why I bought a few more shares at 59.
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