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: Marty Lee who wrote (10728)	9/14/1998 9:11:00 PM
From: Andy H	Read Replies (2) of 42804

Take a look at the Xyplex acquisition. In Q1 (source is 10q filed May 15, 1998), MRVC wrote off over $30 million directly related to Xyplex, representing nearly the entire purchase price, and, also incurred a $23 million "restructuring" charge, which was apparently ignored in large part by being combined with the Xyplex charge. $23 million approximates a year's earnings for MRVC. Consider what would have happened if in March 98, MRVC had announced a $23 million restructuring charge without the benefit of the Xyplex charge to obscure it. I suspect the price would have gone right down to the teens. It certainly kept me out of the stock.

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