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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: Renee Scherb who started this subject10/6/2000 2:11:02 PM
From: Duffeck  Read Replies (1) of 42804
 
What's OPXS worth to an MRV stockholder?

"The maker of optical network components (MRVC: news, msgs) wants to take Optical Access public in a proposed $108 million common stock offering. .....Chatsworth, Calif.-based MRV will retain at least 80.1 percent of Optical Access after the IPO."

cbs.marketwatch.com

Now assuming MRV gets approval for a tax free distribution of OPXS shares, at a "minimum" for each share of MRV you will get (108M/.2)(.801)/(72.4M)= $5.97 worth of OPXS shares.

If MRV keeps more than 80.1% as in the case of LMNE you will get more and if the IPO gets the expected bounce a lot more.

duff
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