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)	6/24/1998 12:15:00 AM
From: brodway	Read Replies (3) of 42804

Saul, i dont know where you are getting info on the Prudential coverage, but i heard similar rumors from other sources and was wondering where this is coming from? I must tell you however, that your source seems very credible. The reason i say this is because i was watching Nasdaq Level II on MRVC all day today, and Prudential was on the bid the entire day. Not once did they participate on the offer. Likewise, Merrill Lynch stepped up at 21 5/16 and was showing a big bid. I hope that this deal that was announced today can bring some attention to MRVC. Although some may disagree with the rationale of Noam and crew, i think they have made a rather intelligent decision. For one, they went out and borrowed money that they may or may not need in the immediate future. But by raising this type of money(remember this is a company with a total market cap of about $500 million raising $100 million in cash), they have drawn attention from the bigger name brokerage firms or institutions who may have facilitated the debt offering. This transaction may serve as the best promotion possible. I realize that giving up options at 27 in the convertible vehicle may not be a great thing in terms of dilution, but then again who cares about dilution when no one even gives MRVC a second look. This in essence, although somewhat dilutive in the future,will bring the big boys into play and ultimately take us higher as they will realize that this stock is way undervalued. My opinion is that this strategic move was geared more towards promoting MRVC in the big league scene rather than raising necessary capital. Good luck, Brodway.

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