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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: Robert G. Harrell who wrote (9825)8/2/1998 9:42:00 PM
From: Seth Leyton  Read Replies (2) of 42804
 
Bob, the momentum is with the large companies. MRV is rolling out two new technologies; one was rolled out in end Q2, the other in Q3. These are the VPN and DWDM as I know them. They are a part of a new niche for the company and totally in line with what management has been representing as their expectations. The market for these two technologies is enormous. 20 Billion by 2000 to be exact (from the CC as well.) The pinks of the world are just getting under people's skin finally. To be right for the wrong reasons is luck. If there was really a big bet out there against the company the short position would be much larger. Most people own this stock in a way that makes it borrowable. Therefore there is plenty of supply. What will move this company is institutional buying. It is on the radar screens of some serious players. It has been before. The IR firm admits it's like starting from scratch. But they have pulled companies around before and will do it again. They are good.
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