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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: Mama Bear who wrote (10383)8/28/1998 12:37:00 PM
From: GS_Wall Street  Read Replies (1) of 42804
 
Barbara, I am not long or short MRVC. I have been long a few times in the past. the chart patterns have looked why to horrible for the past 6 months. But I would not short a networking stock with all the takeovers and fundemetallly I have a high perception of MRVC.

As far as PINK is concerned his remarks have been inflammatory and without substance, I tried to skip as many of his posts as possible, I felt the were and still are non value added.

As for MRVC they have close to $8.50 in book value most of which is cash ~$4.00. I think this company has six months to turn it around or else it will have to be sold. Maybe LU or NORTEL will take pitty and gobble them up.
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