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

To: akmike who wrote (14278)	7/5/1999 9:39:00 AM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

<<It is mind-boggling to me that Juniper has a market cap of 7.35 Billion or some 18 times that of MRV. I mean we are talking about a company with a handful of customers that has never made a profit, that has one product with some 10,000,000 in revenues last quarter in a market segment that accounted for all of 169 million in 1998 total.>> A few months ago I also pointed out that AOL had a market cap twice that of GM, even though GM has been in business many decades, is fantastically profitable, earned $4 per share vs $0.86 (I think then) and paid a $2 dividend to boot! Three and four digit P/E ratios are just mind-boggling - and pure crazyness. I can (almost) understand how they can shoot up that high (greater fool theory?), but for the life of me I can't understand how they STAY so high. How in the world can anyone sleep, holding overnight? I would be VERY INTERESTED in discussion of the dynamics behind the "Internet" stocks - I don't think it would even be "off topic" here. << If Noam is right and we are the "pure play networker" then how high is up? >> As one combined company or separate IPOs for the parts? Who can answer that? Amazingly, this is a case where the sum of the parts is greater than the whole. If each of the MRVC components were separately IPO'd and marketed by these same investment houses (especially after a few contract wins) who knows how high is up? Noam could write a book on how the "death of a company made me rich". It makes one wonder what their ultimate objective is, power, money or just the striving? I wonder if the thought that they could sell all in this manner (rather than via buyout) and be what - 20 times richer, then start over with some other startup has ever crossed their minds?