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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: Greg h2o who wrote (23507)9/5/2000 10:32:17 AM
From: Regis McConnell  Read Replies (1) of 42804
 
Greg, the info. of this customers 'potential'demise, was stated & available in CIEN's last qtr. 10Q.

"Iaxis Limited is the optical networking customer that CIENA disclosed as having financial difficulties in CIENA's Form 10-Q, filed with the Securities and Exchange Commission on August 17, 2000. As was disclosed in the Form 10-Q, net outstanding receivables from iaxis represented approximately 13 percent of CIENA's net receivables as of July 31, 2000, or approximately $28.2 million."

Maybe a surprise, but not exactly blindsided.

Regis
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