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: facai who wrote (9061)	6/16/1998 11:31:00 AM
From: JMandel	Read Replies (3) of 42804

It has been a while since I dropped in. Today's action appears to be due to talk of cancelling the offering which is seen by most as dillutive. Apart from the Cabot bubble, MRV couldn't get above a 40 multiple when it had accelerating growth in the +100% range. Brilliant engineering and product development does not by itself help shareholders. Take it from someone very involved for most of the past 4 years. The DWDM announcement was made to attempt to offset the negative reaction the offering would produce. Didn't work too well . . . and the vagueness of the release didn't help. As a shareholder in Ciena since the IPO, I am conversant with the market and technology; once again, a potentially exciting event was turned into a piss in the wind. Obviously, if growth rate remains in this range, price will be forced up, as it was at a split-adjusted $2. Those who have been here before know that, once again, it's a good place to buy, unless they get sloppy with their capitalization. There would be little tolerance for an unconvincing acquisition at this point.

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