From the 10K: MRVC did buy back more of the their convertible debt
than I thought last year, although this must have been convertible
debt from previous years. The convertible debt issued last June is not
callable for 3 years. Also I thought only 10,000 shares of treasury
stock had been repurchased. It must have been more like 20,000 shares.
Year Ended December 31,
--------------------------------------
1996 1997 1998
-------- -------- --------
<S> <C> <C> <C>
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of
common stock 8,942 99,638 1,510
Proceeds from the issuance of
debentures 30,000 -- --
Repurchase of common stock issued in
connection with acquisition -- (4,230) --
Proceeds from issuance of
convertible notes -- -- 96,423
Principal payments on capital
lease obligations (60) (255) (62)
Repurchase of convertible notes -- -- (5,300)
Purchase of treasury stock -- -- (133)
-------- -------- --------
Net cash provided by
financing activities 38,882 95,153 92,438
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