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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: MikeM54321 who wrote (9119)6/18/1998 7:27:00 AM
From: Sector Investor  Read Replies (1) of 42804
 
1) Yes, the layoffs are related to the Xyplex acquisition.

2) All of Xyplex was purchased. Xyplex contributed $5.2 million in revs in Q1.

3) Yes, another debt offering was in the works - supposedly to add or acquire capacity because sales are booming. It was cancelled because the stock price was too low.

4) Management said Asia was 10% of revenues in Q1.

5) You actually expected to find answers on their web site? Their 3 "multiple personality" web sites are a joke right now. The 10K should have named some customers, I thought. MRVC targets small-mid size enterprises (5000 employees or so and down) throughout the world.

This will give you some of their new customers this qtr:

Message 4231877

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