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

To: Robert G. Harrell who wrote (18878)	2/17/2000 10:09:00 AM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

<<According to Gilder's prediction won't CW's Terabit router be obsoleted by the all optical network? Which other start up's products would become obsolete?>> No. Don't confuse the term optical network with an all optical Internet (there will be no such thing, IMO). There are two types of networks, really - circuit switched (phone) and packet switched (data). The core may use wavelength switching, primarily in the circuit switched networks, which does not involve looking at data packets, but for packet switched networks, there is NO WAY that I can see that the data reaches it's final destination without actual routing of data packets. As the volume and speed of data increases, superfast routers will still be needed - even more so than today. The two technologies are complementary. See this article for more detail: telecommagazine.com

To: Robert G. Harrell who wrote (18878)	2/19/2000 12:08:00 PM
From: Bridge Player	Respond to of 42804

<< The manager of the PBHG(?) Fund (Pilgrim Baxter) was on Squawk Box this morning and when asked what he is buying now named RRRR and MRVC. >> Bob, these are clips from comments made during that interview on Thurs. morning..... 207.235.5.146 <<< Quint Slatter, PBHG Funds [Edited content of following for readability. His picks:] DCLK DoubleClick, Inc. EXDS Exodus Communications GMST Gemstar International Gr. INSP InfoSpace.com, Inc. MRVC MRV Communications, Inc. RRRR Rare Medium Group, Inc. VRSN VeriSign, Inc. Quint Slattery, PBHG New Opportunities Fund, Hot Hand (INSP, EXDS, VRSN, GMST, DCLK, MRVC, RRRR) Fund is up 630% in the past 52 weeks. Invests in fastest growing small companies in the US. Fund is closed to new investors. PBHG Select Equity Fund, up 270% this year, still open to investors. Mark Haines suggested he retire now, before has a big fall. Mr. Slattery said it is not about stock appreciation, but about style. He invests in aggressive growth stocks, companies that have fastest growing market dynamics, strongest management teams, fastest growing dynamics fundamentally, strengthening balance sheets and last but most importantly, open-ended growth opportunity. Tech has been a big sector holding for him in both funds. Over time, can beat S&P, as very few managers have done. PBHG New Opportunities Top Holdings (12/31/99) INSP 5.1% EXDS 4.2% VRSN 4.1% GMST 4.1% DCLK 4.0% Valuation is not a primary perspective. I.e. INSP, could have $800 billion top line growth rate in 10 years, cannot put valuation on that. [Ed note: presumably they meant $800 billion(!) top line sales from all INSP companies in 10 years] Focus is on business momentum, not valuation. Companies that are exceeding expectations, management teams that are ruthless in execution, have a patent pending technology or some kind of proprietary technology or business model that is hard to duplicate. Look at past performance also, good management teams, exhibiting outrageous and unbelievable growth. That is why successful. Buying: MRVC , RRRR RRRR did not disappoint recently, no one follows now. Reported $17 million in top line growth, their estimate was $14 million. 55% sequential growth from quarter to quarter, for the quarters before that, top line growth was sequential at 100%. In the stock is an Internet Capital Group incubator, is not being valued in the stock today. Have over 20 portfolio companies, all with b-to-b focus. Also have 6% turnover rate, different from industry average of 15%-25%, all employees have options in the incubator companies. >>> I just thought it was interesting the characterizations that Slattery used. Somebody besides Sector is now tooting our horn <vbg> "aggressive growth stocks" "strongest management teams" "fastest growing dynamics fundamentally" "Companies that are exceeding expectations" "management teams that are ruthless in execution" "have a patent pending technology or some kind of proprietary technology" "exhibiting outrageous and unbelievable growth." To those long-termers here: a year ago, with the stock under $6 (!), could anyone have even conceived of a fund manager using phrases like this to describe MRVC??? A great long weekend to all MRVC longs.... BP