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: Frederick Langford who wrote (42218)	10/7/2004 1:24:02 PM
From: Dee Jay	of 42804

Verizon's capex plans helps MRV (among others) to rally... thestreet.com "Rising Tide Lifts Most Boats, Homebuilders By Aaron Pressman Senior Market Columnist 10/6/2004 5:27 PM EDT Homebuilders recovered part of their two-day decline Wednesday thanks to bullish comments from luxury builder Toll Brothers (TOL:NYSE - commentary - research). Meanwhile, major averages enjoyed a late-session rally Wednesday after Verizon (VZ:NYSE - commentary - research) raised its 2004 capital expenditures budget to $13 billion from $12 billion. The Nasdaq Composite gained 0.8% to 1971.03, gaining momentum after surpassing its 200-day moving average of 1966. Verizon gained 1.7% to a 52-week high of $41.48 and its capex announcement put a bid in telecom suppliers from big-caps such as Cisco (CSCO:Nasdaq - commentary - research) and Lucent (LU:NYSE - commentary - research) to smaller names such as MRV Communications (MRVC:Nasdaq - commentary - research). The Nasdaq Telecom Index rose 1.6%..." Note that the increase was for THIS YEAR's budget so presumably sales volume could be positively affected in the short term. Maybe I should have said "hopefully" in lieu of "presumably". As the article indicates the expectations are that this helps MRVC. Dee Jay

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