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

To: Mani1 who wrote (17750)	12/29/1999 1:04:00 AM
From: Mani1	Read Replies (1) \| Respond to of 42804

New or potential investors to MRVC, here is something to get you started, it is a post by someone else, ************************ Message 12381124 Started by three Israeli professors at Caltech in the early 1990's making fiberoptic components, then branched into low-end LAN products. The stock crashed from the $mid-20's to $6 last year due to the unforeseen rapid softening of the low-end LAN product market. But, MRVC has been incubating many (at least 7) high-tech start-ups in the hottest sectors of the already-hot networking industry and is planning to IPO the original fiberoptic division, thereby more or less declaring their intention to follow the CMGI-like model (now being followed by ICGE). All the start-ups will eventually be IPO'ed as well. Their products have won numerous awards and have probably the best specs within their categories. The stock has come all the way back from $6 to $50-$60 this year, easily passing its old-high of $40 this month. A report came out 2-3 months ago (Van Kasper) detailing MRVC's start-ups in various incubating stages and setting a 12-18 month target price of approx. $40 (if my memory serves me right), which is now obviously history. The more recent report from them set a 12-month target price of $166. Their original report set a long-term target price of approx. $300 but their recent report essentially said that the $300 looks like an underestimate now. Rumor has it that Merrill Lynch (who doesn't cover MRVC yet) has an internal report essentially setting the same target price of $160. There is ample evidence that institutions have been accumulating this stock, sometimes keeping the daily spread wide enough to discourage buying by retail customers. *************************************** Here are few more useful links if you want more info Message 12272307 Message 12190840 Message 10719432 Message 12190736 Message 12193354 Message 11267090 Best of luck, Mani