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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: signist who wrote (24957)	10/6/2000 2:24:07 PM
From: signist	Read Replies (1) of 42804

Another company bucking the overall negative trend in the telecoms sector was Marconi, the telecommunications equipment maker, after it announced plans to list its shares on Nasdaq from Oct. 16. Analysts said the listing should give Marconi a higher profile with U.S. investors as it seeks to increase its share of the telecoms equipment market. The move also increases the likelihood of further acquisitions, especially in the U.S. Marconi also released solid sales figures ahead of a roadshow in the U.S. next week. It said orders rose to 3.3 billion sterling in the six months to Sept. 30, up 22% from 2.7 billion sterling last year. Marconi rallied over 6% in early trading, although it slipped back to end the day 1.1% higher. But most other telecoms stocks were on the defensive, including industry heavyweight Vodafone. Vodafone shares fell 4% to give up much of Thursday's strong gain, as dealers said there appeared to be some switching out of Vodafone into BT. He said Cable & Wireless suffered the same fate, and its shares ended 2.9% lower. The FTSE-350 index of telecoms stocks ended the day 1.7% lower.

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