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: JMandel who wrote (4269)	7/18/1997 11:51:00 AM
From: WBendus	of 42804

A slow down in sequential growth has almost got to be expected. There are three factors that would contribute to this. 1) Slow downs in Europe. I understand that back in March Noam indicated that it was not a problem then, but we are now talking 4-5 months later. 2)Rising dollar against European currencies. This would likely be the most significant contirbution, while I would tend to believe that it would be small. 3) Cyclical summer slowdowns in orders. Estimates for Year end results are for 0.87 in 1997 and 1.32 in 1998. There is only 3 estimates at this point, and two of them are significantly lower than the highest. The two lower estimates are also the most recent. Yr/Yr puts growth at about 51.7%, or about a 11% sequential growth Qtr/Qtr, and that puts Q2 at 20 cents. I still think MRVC is under valued by about $10 at this price. Wayde.

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