MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Mr. Pink who wrote (9675)	7/29/1998 1:39:00 AM
From: Eric L.	Read Replies (2) of 42804

11:59 ET Update-- Gruntal & Co. reiterates "strong buy" on provider of high-speed optical networks integrating switching, routing, remote access and fiber optic concern after the company reports strong Q2 results; raises 1998 EPS estimate from $1.24 to $1.25 and maintains 1999 EPS at $1.73 a share; also raises FY98 revenue estimate from $264.8 mln to $268.5 mln and FY99 from $376.7 mln to $377.7 mln and maintains price target at $43 a share. Doesn't appear that much has changed, Gruntal simply using the earnings report as an opportunity to give company a pat on the back. The new part to me is the rather uninspiring last sentence. Thanks briefing! :( On to tomorrow! later

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