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

To: dvdw© who wrote (17915)	1/4/2000 11:32:00 AM
From: James Calladine	Read Replies (1) \| Respond to of 42804

MARKET ACTION TODAY: The average trade today at this point shows 719 shares, so the selloff is not necessarily a rush for the exits on the part of institutional investors. Best wishes, Jim

To: dvdw© who wrote (17915)	1/4/2000 12:45:00 PM
From: Bridge Player	Read Replies (2) \| Respond to of 42804

I would be interested to know your precise definition of float. I had always assumed, or perhaps read somewhere, that stock held by mutual funds, venture capital funds, corporations holding the stock of other companies, insiders (officers, board members, and their families, etc.) were NOT considered to be in the float. By this definition it seems to me that if whoever bought the debentures (as I recall it was a private placement) elects to hold the stock after forcing conversion, that those shares would not be included in the float. Comments? BP