<<Greg, from the MRVC (consolidated) balance sheet of 6/30/01, MRVC had $174 million in cash and short-term investments. From my recollection only, LMNE alone accounted for about $90 million give or take a little, leaving only $84 million for all the rest of MRV.>>
From my spread sheet.
Actually if you include short term investments you get $137M for all the rest of MRV on 6/30/2001.
April
MRV LMNE MRV-LMNE
Cash & Cash equivalent $190,545 $106,756 $83,789
Short term investment $57,163 $293 $56,870
Total $247,708 $107,049 $140,659
June
MRV LMNE MRV-LMNE
Cash & Cash equivalent $174,887 $93,037 $81,850
Short term investment $55,704 $81 $55,623
Total $230,591 $93,118 $137,473
Change
MRV LMNE MRV-LMNE
Cash & Cash equivalent $15,658 $13,719 $1,939
Short term investment $1,459 $212 $1,247
Total $17,117 $13,931 $3,186
From this I get a LMNE burn rate of $13.9M per quarter and a MRV (sans LMNE) of $3.2M per quarter. Not sure if this interpretation is totally accurate.
duff |
