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: Len Roselli who wrote (10535)	8/31/1998 11:45:00 AM
From: Cube	Read Replies (3) of 42804

Len, Nobody knows for sure. But I have said earlier that the single most important thing in a company is management. NOT products, NOT brilliant technical staff. And the single most important attribute of management is credibility. Right now MRVC management has absolutely no credibility. The reason it could go lower is that they hid the fact that insiders were HUGE net sellers of stock since September of last year, and they didn't release the latest bad news until about two weeks of heavy trading volume took the stock price to significant new lows. That can only mean that insiders and those connected to insiders got out before the bad news. We will know for sure when the public forms that insiders have to file when they sell stock gets made public next month for trades that happened in August. With this type of sleazeball management, bad news is generally followed by more bad news. So my prediction of lower prices are due to the possibility that all of the bad news is NOT out yet. Just my opinion of course. Cube

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