MRV Communications (MRVC) opinions? Message Board

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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 (8429)	4/27/1998 10:02:00 PM
From: Eric L.	Read Replies (1) of 42804

MRV Commun CEO: Receivables Increase Offset By Rev Growth Dow Jones Newswires NEW YORK -- MRV Communications Inc.'s (MRVC) increase in accounts receivable in the latest quarter was more than offset than the company's revenue growth, according to Chief Executive Noam Lotan. "Our sales have increased sequentially by more than 25%," causing a relative decrease in receivables, Lotan said in an interview with CNBC. Elsewhere, Lotan said, MRV is confident that it will be able to squeeze a profit from newly acquired Whittaker Xyplex Inc., which has been ailing in recent quarters. "Our ability to work with engineers and motivate them is the key to nursing any company back to health," Lotan said. MRV earlier this year bought Xylan from Whittaker Corp. (WKR) for $35 million in cash, plus warrants to purchase 421,402 shares of MRV common stock. MRV recently was trading at 27 1/2, down 7/16, or 1.6%. -Justin A. Oppelaar; 201-938-5175

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