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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: cmg who wrote (6729)1/14/1998 6:21:00 PM
From: ED PLOPA  Read Replies (2) of 42804
 
all......Cabletron rose 1 1/4 to 14 11/16 as investors once again speculated that
Lucent Technologies would acquire the company. But the top-secret
announcement that Cabletron waited all day to make was that it would pay
$88 million in stock for Yago Systems, a privately-held maker of gigabit
ethernet networking equipment. Cabletron will issue 6 million shares of its
common shares to Yago shareholders in exchange for the 75 percent of
Yago stock it doesn't already own.
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