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: Sector Investor who wrote (23115)	8/18/2000 3:19:38 PM
From: Robert G. Harrell	Read Replies (5) of 42804

2 cents worth:(On the morning discussion. Started this before lunch and got interrupted.) My investing experience has led me more to the Ockham's Razor perspective which is more or less "keep it simple stupid." I spend much of my time reading and researching about stocks but I don't try to sort out every nut and bolt in a company. If I can tell that it has the right products at the right prices in the right sector(s) and the market is verifying this with a growing relative strength, I'm probably going to do well investing in it. One of my first investments after I re-entered the market a few years ago was C-Cube. It apparently had the first item on my list right. It was the recognized leader in MPEG coding and decoding. I used to diligently read every post on the CUBE boards on AOL and then SI. The guys on the SI CUBE board posted everything written or even speculated about CUBE but they have consistently been so deep in the forest that they couldn't see what was actually happening in the real world. I doubt many of them have made money in CUBE unless they traded it frequently. There is such a thing as having too much "information." There are lots of boards on SI where the people endlessly argue the difference between tweedle dee and tweedle dum about a company and never put the information together in a useful format for making investment decisions. (One of the strengths of this board.) I have found that reading good books like The Roaring 2000sand publications like Investors Business Daily, The Gilder Report and now The Digital Power Report among others, help me to recognize good investment opportunities more than tearing apart 10-Ks and product specs. If I can make an analogy, let's think about visiting a gem mine. Suppose I have regularly read books about gems, subscribed to Gems Hunters Digest, regularly read the Prospecting for Gems board on SI, etc. Now suppose I go to a gem mine where they have buckets of stones from the mine all set out for you to buy. I look in a bucket and recognize a nugget of gold, 2 rubies and a sapphire poking out of the rocks. I also notice that guys from Fidelity Gems Co. and Janus Gems Co. have backed up their trucks and are loading up with buckets from this mine. I don't see the need to examine every rock in that bucket to know that at $70 I've probably got a good investment in that bucket of rocks. Similarly, having read about Terabeam in the Gilder Report and other places, I didn't need a degree in EE to recognize that Jolt was a real valuable gem. I also knew that all optical is the future of networking and have owned a JDSU rock that has appreciated greatly in recent years. It was pretty easy for me to see the combination of FOCI and other assets to form a company that could sell in the same space as JDSU as another valuable gem. I also knew that even though I don't really know what a triplexer is, that there is one for every 4 houses in the projects Marconi is doing for Bell South and others. Sounds like another valuable gem to me. I could go on, but I trust I've made my point. Just how many gems do you have to recognize in the MRVC bucket before it is a good buy? Cheers, Bob

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