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

To: Greg h2o who wrote (22312)	7/24/2000 7:48:36 PM
From: Madharry	Read Replies (1) \| Respond to of 42804

Well Greg 100 shares is better than nothing. Maybe it could be adjusted to 100 shares per 1000 shares of mrvc. I believe that is more or less the SFE model. I would certainly have a positive impact for all shareholders as it would give added incentive of new shareholders to purchase shares of mrvc. It is unlikely that MRVC can follow the hwp/a model. I researched this once before and the irs had some pretty stringent criteria- it had to be at least an 80% owned sub and had to be in operation for at least 5 years in order to qualify as a tax free spin-off. but you are probably more familiar with these rules than I. so I doubt that would work for either Zaffire or Luminent, Down the road it might work for some of the other subsidiaries. My guess is that a rights plan will work out better for the shareholders as it would enable us to purchase shares at a cheaper price with less tax consequences than MRVC selling them in follow on offerrings and having to pay taxes on the proceeds. JMHO