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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: James Young who wrote (4081)7/2/1997 4:37:00 PM
From: JMandel   of 42804
 
Delay in the secondary . . . S.E.C. questions. Not out of the ordinary, although shorts might have fun with it.

Pricing will be set as always at the last moment, after the road show, (which will be a great opportunity to pitch the story most of you know well.)

Pricing will be dictated by the offering's pre-echos and might be set a few percent below market (on the day before offering)as an accomodation. Watch market reaction during road show; it will be best indication of things to come. Meanwhile, some softness is likely as things remain in limbo probably until end of July.
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