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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 5 4:00 PM EST

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To: Johnny Canuck who wrote (34703)	10/10/2001 10:23:00 AM
From: Johnny Canuck	Read Replies (1) of 68669

MRVC products finally finding traction ???? *************** Wednesday October 10, 8:44 am Eastern Time MRV says revenues to exceed prior guidance CHATSWORTH, Calif., Oct 10 (Reuters) - MRV Communications Inc. (NasdaqNM:MRVC - news) on Wednesday said third-quarter revenues will surpass its previous projections, giving a hint that the optical components maker could be on the mend amid an industry-wide slump. The Chatsworth, California-based company said it expects revenues of more than $50 million, up from its July 30 forecast of between $46 million and $50 million. On Monday MRV said it had established the stock exchange ratio for its short-form purchase of the remaining shares it does not own in subsidiary Luminent Inc. (NasdaqNM:LMNE - news). MRV shares closed at $2.76 on the Nasdaq. They are trading at a fraction of highs of $52.06 set on Oct. 24, 2000.

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