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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: signist who wrote (13410)5/12/1999 11:29:00 PM
From: rascalbythesea  Read Replies (1) of 42804
 
First of all Ron, let me thank you for the effort you have put in out in Vegas. You can be MRVs roving reporter any time you want.

John...If my memory serves me right, I think you will find the 20 dollar level was where the real war took place on the way to $5. After it broke 20 it tried for a while to get back over the 20 level again, I think that's when we lost Tex Hillman. Any other stock and I also would have departed (which would have saved me an awful lot of cash).
I guess I was blinded by the 34 quarters of growth and the analyst estimates of tremendous growth in the future. Something on the order of 35-50% a year for the next 5 years. The forecast of $1.25 for 1998 and $1.75 for 1999. And let's not forget that ill timed CC in July. I can still smell the roses.

I feel more than ever, with the new products being introduced this year and the reception they are getting at the shows, we have this type of growth ahead of us. Sooner or later any thinking ANALyst will have to start covering this company, unless they are 100% brain dead. The key may be breaking the 100 million revenue per quarter which should be taking place by Q4.

Benny
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