SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sam who wrote (6380)12/13/1997 12:12:00 AM
From: Dan Spillane  Read Replies (1) of 42804
 
VERY significant comment made by MRVC CEO today.

***
From the meeting:
Q Peter- Regarding the Asian crisis.... How does MRVC plan to insure sales and getting paid?
A-Getting paid is not a problem they are experiencing. Sales are generally at 14% with this quarter coming in at the low teens (I assume that would be 13% so roughly very little change). The fujitsu ally remains strong. They are continuing to open new inroads to Asia.
***

Ahem.

Now, the astute will look at this mathematically. IF there was going to be a shortfall due to a slowdown in Asia, the percentage of revenue from Asia would have to fall significantly as a percentage of overall revenue (unless somehow revenue fell in the US/other market, which is extremely unlikely). That's not the case, as was stated, the "low teens" is not a significant change.

In other words, Noam is saying "WE ARE ON TARGET IN ASIA.." The implications is that the selloff of MRVC due to Asia fears appears to be unwarranted. I hope others can understand the implications of what was said, and the simple math. In fact, the other implication is that you could sue MRVC if Asian sales did not meet that target as they stated today.

Dan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News