Hi Sector,
Your post is incredible. You have a young mind for our age (g).
See why I stuck close to him during this day.
One thing I might add and Sector please feel free to correct me if I as not as accurate as I would like.
Noam said something to the effect that" MRV is a GOLD Member at Interop and at every show MRV contributes a significant amount of MRV equipment to Interop's Intranet Backbone.(USA, France, etc.) This has given them much publicity and credibility throughout the networking industry."
MRV had a booth in a "Good Location" and Noam felt there was good interaction with possible future customers and vendors.
IMO, they just didn't have a lot of new technology to display as they
normally do, due to the various delays we all have heard about.
At the meeting, "Schlomo" as everyone seems to address him buy,
twice, spoke to us to explain the reasons for the delays of the new products, mostly vendor problems and he wanted to name the vendors but the other board members suggested to him not to name names.
Now, with much respect for this man,(I would like to make this absolutely clear that I am NOT criticizing this man), it is hard for me to understand his English but IMO he showed a lot of sincere passion for shareholders and seemed upset to have to report to us of the disappointments for this quarter (and a few quarters forward...my opinion). I was very impressed by this and it disarmed me of most of any hostility I may have had.
Sector's report is simply amazing. Hat's off for your efforts.
I personally feel better about the company. The Company is not going to go out of business. Marketing, Marketing, Marketing...Visibility, Visibility, Visibility...IMO is this company's weakness. We all know it. I am still not sure MRV's management understands this. Please get professional help!
By the way, Noam and Mr. Glazier said they don't feel that the shorting fiasco propagated over the Internet had any effect on the price of the stock, but they said their only source for short interest is on the Internet??? SEC found the Internet such a significant problem that they announced new, aggressive enforcement and monitoring procedures of posts. I did let them know we were upset that management did not respond to this issue. I should have saved my breath, but it made me feel better.
John
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