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

To: J. Patrick Coffey who wrote (19376)	3/3/2000 1:26:00 PM
From: Bridge Player	Read Replies (1) \| Respond to of 42804

<< Huh? If we are going to have 57.1 million shares AFTER the split, what will be the impact of increasing the common stock from 80 to 160? >> Authorized shares is the maximum amount that the company would be allowed to issue and have totally outstanding at any one time. This gives the company room for acquisitions, future splits, stock dividends, granting options to employees, etc. For example, with only 57 million outstanding after the split {I still think it will be closer to 66 million sooner than later) the company would have the right to have another 2/1 split without stockholder approval. But this is rarely done. You will usually find that most companies request authorization for at least twice the number of shares outstanding, to give them flexibility in managing their capitalization. BP