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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 (4350)7/28/1997 12:51:00 AM
From: mike wheaton   of 42804
 
MRVC Quarterly Report Card!

A+

This has been a great quarter for mrvc investors.
The quarterly low was last announcement day 4/30 ( ~21 )
and we are currently sitting on the quarterly high.
It has been straight up all quarter.
During this past quarter, mrvc has gained 60%
( 240% on an annual basis!! )

Reference Numbers:

2Q 96: 1st Q 97 ( last q )
-------- -------------------
rev 19.6 rev 35.5
Inc 2.3 inc 4.7
EPS .11 eps .18

The current PE is ~59
The forward PE is ~35

4Q - 1Q Growth Rate: Translates to the following numbers for this q
rev 15% > 40.8
inc 24% > 5.8
eps 12.5% > 20.2

If we can beat these rates and show accelerating growth
who knows what next quarter will bring.!?

MRVC is still way under valued ( by about 50% in relation
to the "Known" networkers) but it's value is up from an 80% discount
just before the 1st q announcement.

I suspect this trend will continue with the secondary offering as
mrvc get to be more "known."

Other notes :

Greenspan gave us the green light.
Expect momentum going into the secondary.
Networking stocks are strong.
This could be the 30th consecutive quarter of 100% growth!!!

Show me the numbers!

Mike Wheaton
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