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

To: Greg h2o who wrote (16544)	10/26/1999 8:11:00 PM
From: cmg	Read Replies (2) \| Respond to of 42804

any thoughts...." I believe the full EBITA of $1.736M is the taxable amount. This means the provision for income tax was 67% of total income as you have stated. Why they would charge off that much for tax...I am unsure also. Are they setting aside tax provision for profits from the NAC transation that is to be recorded at a later date? It is almost as if they want to keep the reported earnings per share in line with the 2 cent expectations. Note, in Q3'98 the tax provision was 30%. In my view, the company could have entered ~ $0.520M as the tax provision and came up with $1.216M as the net. This would have given $0.04 earnings/share. This is an excellent question...Why are they expecting an effective 67% tax rate for this quarter? Anyone?