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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: Regis McConnell who wrote (6801)1/20/1998 10:10:00 PM
From: Dan Spillane  Read Replies (1) of 42804
 
Strong sales of switching products gave both Bay and Ascend a boost. MRVC has just about the highest percentage of switching products of any company in the sector.

Strong switch sales were factored into the MRVC stock price at 35, but now the stock price is 25...

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Bay Networks, Ascend post better-than-expected profits
Reuters, Tuesday, January 20, 1998 at 21:31
PALO ALTO, Calif., Jan 20 (Reuters) - Ascend Communications
Inc. (NASDAQ:ASND) and Bay Networks Inc.(NYSE:BAY), two of the biggest computer network equipment vendors, reported
better-than-expected earnings on Tuesday, mostly on strong
sales of switches.
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