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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Sector Investor who wrote (14055)	6/23/1999 9:53:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

From a long term perspective, I don't like this. But, from a short term perspective, if they get their $600 million, that leaves MRVC with 78% of revenues intact, plus the new acquisitions about to have revenue, and about $700 million cash in the bank. Say they buy back 1/2 their stock at an average of $15. 13 million shares at $15 is $195 million They not only raise the price, but they double their EPS and still have $500 million in the bank. What am I missing? We ought to see BIG TIME short covering too.