MRV Communications (MRVC) opinions? Message Board

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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: kvkkc1 who wrote (33849)	6/28/2001 8:59:34 AM
From: Greg h2o	Read Replies (2) of 42804

some more specifics on CS from SSB (the market actually believes CS willl do what they've stated): Cabletron Starts Fiscal 2002 With Strong Results-Raising Estimates Cabletron posted strong fiscal 1Q 2002 results with revenue coming in at $311 million, up 7% sequentially. The company posted EPS of $0.08, $0.02 above our previous forecast. Cabletron enjoyed strong performance from Enterasys, with the subsidiary posting revenues of $232 million, up 5% Q-Q. Enterasys also generated $31 million in earnings before tax. Management announced that they intend to distribute Cabletron's remaining stake in Riverstone at the end of July or early in August. Furthermore, Enterasys is expected to be spun-out in August. We are edging up our fiscal 2002 EPS estimate up to $0.43 from $0.40 and our fiscal 2003 esstimate to $0.77 from $0.75. *The momentum in the metro and the enterprise markets are shining through, as the performance of Riverstone and Enterasys proves.

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