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

To: Greg h2o who wrote (19863)	3/30/2000 10:30:00 AM
From: signist	Respond to of 42804

(COMTEX) B: Elbit Announces Closing of Sale of Peach to Microsoft SHEFAYIM, Israel, Mar 30, 2000 /PRNewswire via COMTEX/ -- Elbit Ltd. (the "Company") (Nasdaq: ELBTF), further to its announcements of March 3, 2000 and February 29, 2000, today announced that on March 30, 2000, the closing took place of the sale of the entire share capital of Peach Networks Ltd. ("Peach") to Microsoft Corporation ("Microsoft"). The Company holds approximately 57% of Peach, on a fully-diluted basis, for which it received a cash payment of approximately $43 million. The Company's net income after tax from the transaction is estimated at approximately $35 million and Elbit will record a net capital gain of approximately $30 million. The closing took place pursuant to the terms of a definitive agreement among the parties. Under the agreement, $7 million from the overall consideration paid for the shares has been deposited in an escrow account, to secure representations and performance of contractual obligations, for an eighteen-month period (the Company's share is in proportion to its relative share in the transaction). Elbit focuses on the development of value-added service solutions for cellular operators and broadband service providers via associated companies. Contop develops, markets and operates mobile commerce and remote monitoring and control (telemetry) solutions based on the integration of proprietary messaging technologies and other advanced technologies. Such solutions are provided to or on behalf of network operators, enterprises and other service providers. HyNEX develops an access solution for managing quality of service applications over ATM networks for service providers. In addition to these holdings, Elbit has a shareholding (12.4%) in Partner, the first cellular operator in Israel using GSM technology. Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from theresults, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. SOURCE Elbit Ltd. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Tal Peretz Raz of Vice President and CFO, 972-9-9704111, t.raz@elbitcom.co.il; or Ayelet Shaked of The Anne McBride Co pany, 212-983-1702, fax, 212-983-1736, for Elbit Ltd. (ELBTF) KEYWORD: Israel INDUSTRY KEYWORD: TLS SUBJECT CODE: TNM * end of story *

To: Greg h2o who wrote (19863)	3/30/2000 10:38:00 AM
From: James Calladine	Read Replies (1) \| Respond to of 42804

MRVC'S RESPONSIVENESS: I love the announcement! It says the kind of things that suggest that MRVC is a serious company, with cutting edge products, and with more to come. Even more impressive to me is the TIMING. It shows a sign that MRVC is tuned into its share price (probably because of the FOCI acquisition, in particular), and is actively doing something to support the price. In the past this sort of thing would not have happened, so from my vantage point, that is a great step forward! Best wishes, Jim

To: Greg h2o who wrote (19863)	3/30/2000 10:42:00 AM
From: MikeM54321	Respond to of 42804

Thread- In the FWIW category(and I hope I don't get flamed), execution of the top and bottom line growth of MRV is about the last thing on Noam's mind these days. MRV is not valued on this aspect anymore. Noam dropped the execution exercises when he dropped the LAN business cold. He's the happiest I've ever seen him in years. No longer having to worry about quarter after quarter hitting the + or - $.01 figures. And with MRV carrying a record market cap of $2.7 billion, can't blame him. MRV is valued on brain power now. It's pretty clear that is their strategy with all the multitude of companies under their umbrella, ripening for spin-offs or IPOs. So how do you value this? Well the only way I can see is to do a comparison of what recently has transpired. IMO, it's worth a closer look at what Lucent paid for Ortel. Something like a cool $3 billion for them. Says how important MRV's strategy is when a major equipment vendor coughs up this amount of money for a situation similar to where MRV has positioned themselves. BTW, did anyone see that MRV copycat, Osicom(sym:FIBR) just picked up a new CEO for their potential M-DWDM spinoff, "Sorrento Networks." As I mentioned upstream, amazing how similar their stratgies are. Again, another company that took execution out of the valuation game. All of course, just IMHO. -MikeM(From Florida)