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

To: Greg h2o who wrote (16455)	10/25/1999 3:09:00 PM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

Very brief summary of the text of Gruntal's "Equity Research Note" They expect MRVC to report "slightly better" than their estimate of $69.9 million and EPS "in-line" with their estimate of $0.02. [That would be lower or flat revs from Q2. ] They expect the conference call to focus on: - An update on how recently introduced new products are gaining market acceptance, - A report on progress made with start-up subsidiaries - An update on progress made to formally separate the networking and optical components business. They say that the principal driver for MRV's share price will continue to be the unlocking of asset values. They maintain their rating, increasing near (6 month) target to $27 and 18-month target to $32. They keep this year's full-yr EPS at $0.02 (Q4 at $0.02) and next year's at $0.23 ($0.03, $0.06, $0.06, $0.08)