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

To: Greg h2o who wrote (16046)	9/29/1999 12:14:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

"do you think there'll be any reference to MRV's valuation compared to JNPR, FDRY, RBAK, etc from the analyst at FirstSecurity/VanKasper???" Ask and ye shall receive. Seek and ye shall find. Knock and it will be opened unto you! VanKasper update: Note that his target price of $40 is only 4 X sales. Also note reference to Zuma. Company Update MRV Communications * (NASD: MRVC $20 3/8, Strong Buy) Price Target: $40 -The strong performance of Foundry Networks (NASD: FDRY, Not Rated) IPO confirms our belief in the extraordinary demand for next generation networking solutions. We feel MRVC has major upside potential, given MRVC and its subsidiaries pending release of next generation networking solutions including: -Zuma's Z6/Z16 Switch Router -Nbase/Xyplex's RedSea Open Subscriber System -New Access's Metro Fusion Optical System -Charlottes Web's Aranea Terabit Router -At 2x sales versus the 20x to 200x sales of many of its peers, we believe that MRVC is one of the most undervalued networking firms. -We reiterate our Strong Buy recommendation with a 12-month stock price of $40 per share.