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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 (12190)2/17/1999 11:52:00 AM
From: Sector Investor  Read Replies (2) of 42804
 
Bruce, no need to be embarrassed. This was as confusing an Earnings report and CC as I've ever seen.

Their SEC comments were a net positive, IMO

They said:

1) They have NOT been contacted by the SEC.
2) The SEC issued new guidelines late in 1998.
3) 50 companies, including NT and AOL have restated earnings based on this guidance.
4) Although the Xyplex acquisition occurred before these new guidelines, MRVC is voluntarilly electing to follow them and will restate earnings for Q1, Q2, Q3, which will each be reduced about $200K per quarter or -$0.01.

In other words, they are so clean here they squeak. This should clear up any SEC worries out there, IMO

This has another positive as well. It will make future quarterly comarisons look better.
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