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: Saul Feinberg Jr. who wrote (9187)	6/23/1998 6:23:00 PM
From: Seth Leyton	Read Replies (1) of 42804

There is no purpose for the money as of yet. This is another of the changes in thinking that MRV has taken over the last six months. They plainly said a couple of months ago that they didn't need any money. Now they've done a deal and will get more coverage and, you're correct, they don't really have a use for the dough right now. But what they have is a free war chest of money that they could use to take over another small company should they need to. With almost 150mm in cash they could take over a company their equal in size should they wish to. This is a good thing. We just have to sit here and wait. Now my back side is a little sore from getting kicked all of the time but it will be worth it one day. I've been too close to this stock and let my feelings overrule judgment.

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