MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: mahler_one who wrote (41209)	6/11/2003 3:59:35 PM
From: NDBFREE	Read Replies (1) of 42804

Listened to the presentation and have summarized my notes below. Noam did the presenting. Did not realize that MRVC (and other presenters only had 1/2 hour). Noam kinda rushed thru presentation to allow as much time as possible for Q&A. In some respects a mistake as Noam's heavy accent makes him a so-so presenter and rushing thru presentation did not help. On otherhand, there were enough questions (which one could not hear and as such had to be repeated by NL) that MRVC used full 30 minutes plus a few minutes. Notes; Must have used a slide that showed current quarter as 57-59 Million. Made comment should be wiithin range. Indicated WiTel/NBB is progressing with Denver to Laramie implimented and work underway on couple of segments in CA (mentioned SF and SD). Mentioned how competitive MRVC can be and still make a decent (50 to 60% GM). Indicated he would prefer to sell more at 50 to 60% GM rather than to try to make higher GM and less sales. As an example he mentioned a recent order in Seattle where MRVC chosen over CISCO. Said MRVC price (at 100% normal margin) was 50% of CISCO price. Mentioned expected to be either cash flow + or profitable (I got confused as to which he was talking about) in 2 to 3 quarter time frame ("within a year for sure" was also mentioned. Mentioned how much money they have an burn rate of 6 to 7 (then said 5 to 7) million. Believe I heard him say need another 15 million per Q in sales (at decent margin) to become cash flow + Mentioned $2M of current burn rate goes to CWN. Made a comment that to effect as soon as they figure out what they are going to do with CWN that will reduce cash flow by $2M. Mentioned feels they have seen a definite pickup sine 4Q02. Mentioned sales people finding it easier to make/get appointments. Lots of interest in VoIP. Mentioned recruiting additional sales people. Mentioned recent convert. Mentioned way it was done no banking fees asssociated with the new convertible. Anyone else have corrections or clarifications? Anyone else got anything else to add?

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