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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 (29790)2/20/2001 12:00:10 PM
From: stkpicker_98  Read Replies (1) of 42804
 
I agree that it is premature to state that the ITouch staff reductions were due to "poor sales". However, that is more than likely valid. The cuts were mainly in Manufacturing and Engineering and, of all places, IT.

There definitely was a reduction in staff; however, in line with MRVC's "stealth mode", their was no announcement.

As a stockholder, I am interested in the splitting of the remaining personnel into the three groups and what it means to MRVC's future plans.

Should be an interesting evening - hopefully, the people driving the stock down don't know something we don't.
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