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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: signist who wrote (6439)	12/14/1997 9:06:00 PM
From: Dan Spillane	Read Replies (1) of 42804

Latest Japanese tankan survey shows capital spending plans for Japanese manufacturing companies revised upwards...this is no doubt due to heavy export demand courtesy currency ratios. Notice also the cap spending plans for securities firms. Most importantly, compare the spending to 96-97 levels and you can see cap spending is healthy going forward. TABLE-BOJ tankan shows Japan firms plan more capex Reuters, Sunday, December 14, 1997 at 19:23 TOKYO, Dec 15 (Reuters) - Major Japanese manufacturing companies plan a 9.9 percent increase in capital investment in fiscal 1997/98, ending next March, following a 5.7 percent rise in the previous year, the Bank of Japan (BOJ) said in its December "tankan" short-term corporate survey released on Monday. Forecasts for capital spending in 1997/98: 1997/98 1997/98 1996/97 latest previous result forecast forecast Major firms +4.1 +4.6 +4.0 Manufacturers +9.9 +8.9 +5.7 Non-manufacturers +1.3 +2.5 +3.2 Small firms -6.7 -8.6 +3.5 Manufacturers +3.4 +0.1 +2.2 Non-manufacturers -11.0 -12.3 +4.1 Financial (195 firms) +5.2 +7.2 -11.2 Banking (145 firms) +3.4 +6.1 -3.6 Securities (25 firms) +92.7 +63.7 +5.4

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