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: Greg Jung who wrote (11069)	10/29/1998 9:07:00 PM
From: signist	Read Replies (1) of 42804

My take of conference call. "99 revenue will be LOWER than 98" "5% revenue growth Q4" MRVC bought approx 10,000 shares at 5-6 dollars!BFD When asked if they would consider buying back Debt at 50 cents on a dollar(Bonds) and buying back the rest of the 1 million shares announced previously Mr Glaser ( Please excuse the spelling ) said " PRESERVATION OF CASH IS IN THE FOREFRONT OF MANAGEMENT'S MINDS" or something to this effect. IMO...I wouldn't count on any shareholder's support, period from management. They are the best judge of what is the prudent thing to do with the company's cash but I wouldn't expect them to spend $$ on visibility. Cash is 157 million. Partnerships are being discussed but...nothing will happen in this regard until the end of the year. If I have made any errors, I would appreciate it if anyone would please correct me. John

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