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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: Bruce L who wrote (11612)1/9/1999 9:33:00 PM
From: Dennis R. Duke  Read Replies (2) of 42804
 
While it does not cover the full periods take a look at this chart:

techstocks.com

RDRT missed numbers and had a bounce off its book value. Within the last 100 days the gain has been 115% for its investors. Positive earnings are yet to be achieved. An earnings announcement later this month might maybe have RDRT into positive numbers. Hard Drives are coming back into favor as demand increases for PC's. Our sector is also in high demand, and similar recovery is very possible in my opinion.

ASND up 52% within the last 100 days and at $71 is up 223% from its low in fall of 1997. That is when ASND did similar presentation errors on its profit picture and working with the street. They too did not warn and gave assurances that they were going to in fact make the numbers from analyst. The first real notice of the miss was when they announced, and wam, the stock took a header. But they recovered, why should not MRVC recover, too.

Finally for the long here who have held through this fall, a drop of 60+% is not pleasant. But with the warrants priced at $24 and debentures converting at nearly the same numbers ($27 as I recall), it is clear to me that some investors have faith that this is a turnaround capable of a better then ASND's and RDRT's investment results.

Bruce, I appreciate your summary of past events. It confirms my holding of this stock and I will continue to do so.

Later, (-8 Dennis 8-)
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