MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Phil Rosten who wrote (7866)	3/26/1998 10:52:00 AM
From: Saul Feinberg Jr.	Read Replies (1) of 42804

Phil: Let me play devil's advocate. I am a big shareholder of MRVC. I am really puzzled by one thing, though. It seems that the DSO's and the inventory became an issue not only on 4th Q, of 1997 but also 3rd Q, of 1997. Knowing this, the management could have preannounced the inventory build-up and its reasons before they reported 4th Q EPS. I don't know why they did not. I know management is great and very trustworthy, but could this also mean that they are getting a little desperate in trying to beat EPS estimates that they became more lax with their accounts receivables so as to close the sales for the end of the 4th quarter 1997? Secondly, it seems that the last EPS was 88% higher, and this quarter's EPS is estimated to be around 50% higher. Is this a trend of decelerating increase in EPS? Thirdly, don't you think that the loss of NN and DEC was unexpected? If so, don't you think they would have been more pressed to be lax with their Accounts receivable just to replace the lost revenue for 4Q, 1997. And what does the loss of these two OEMS mean to their future?

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