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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: Mel Spivak who wrote (6513)12/17/1997 1:18:00 AM
From: Dan Spillane  Read Replies (1) of 42804
 
Important surprise development...the Japanese have just announced an unexpected income tax cut to encourage Japanese growth. This is extremely good news for hi-tech and MRVC in particular. MRVC products sell well in Japan...this is wonderful news!

...at 10.30 pm Pacific Time, the CBOE futures are WAY UP: S&P500, Yen, and ESPECIALLY THE NASDAQ FUTURES.

...look at what happened overnight in Japan and South Korea...

*NIKKEI 225 CLOSES UP 555.85 PTS AT 16,541.06
*SEOUL INDEX CLOSES UP 14.23 PTS AT 418.49

Dan
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