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

To: WebDrone who wrote (22554)	7/28/2000 12:02:26 AM
From: Bridge Player	Respond to of 42804

New York, July 27 (Bloomberg) -- Corvis Corp., a maker of equipment for fiber-optic networks that hasn't yet reported any sales, raised $1.14 billion in its initial public offering today. Corvis sold 31.6 million shares at $36 each, above the $28 to $30 price range set on Tuesday by Credit Suisse First Boston, and more than the 27.5 million shares planned before. This week's filing doubled the offering price first announced in June of $13 to $15. The IPO was the largest for a U.S. company that hasn't reported revenue, according to CommScan LLC, whose records date back to 1990. The company is benefiting from investor enthusiasm for the exploding, profitable market for fiber-optic equipment and parts as demand for Internet capacity surges. Corvis's gear can send optical signals up to 3,200 kilometers (1.989 miles), compared to 400 to 600 kilometers for equipment currently in use. That lets network operators move calls and data across networks faster and more cheaply. Columbia, Maryland-based Corvis has a pair of agreements each worth $200 million to sell equipment to Williams Communications Group Inc. and Broadwing Inc. The sales depend on successful testing of Corvis's products. Corvis said it successfully completed tests with Broadwing. Qwest Communications International Inc. has also agreed to buy $150 million of Corvis gear. It was also the biggest of 11 U.S. IPOs planned tonight. Earlier, Avici Systems Inc., a maker of high-capacity data-traffic routers, raised $217 million in an initial public offering, after twice boosting the sale to meet robust demand.

To: WebDrone who wrote (22554)	7/28/2000 12:31:09 AM
From: Bridge Player	Read Replies (1) \| Respond to of 42804

1. Excellent credentials top-grade new management team announced. 2. New acquisition made that enhances Jolt's attractiveness. 3. IPO filing announced, on schedule as promised, with a top-notch firm with a high success ratio on IPOs. 4. Commitment to spin-off rest of Luminent shares to current MRVC shareholders. 5. Another IPO strongly indicated (I hate to use the word promised with Noam <g>) within 90 days. 6. A third field test of Charlottes Web in Europe. 7. An exciting development in the new optics area with patents that Noam wouldn't discuss. 8. Excellent quarter-to-quarter growth of Luminent sales (in spite of this being miscontrued as a result of year-over-year data). 9. New coverage with a buy rating almost guaranteed. 10. [Paraphrased] We are now confident that top-line growth in the second half will be greater than previous forecast. Did I miss anything? Oh yeah, gee, there were only 3 questions!#$%^()* And nobody was there!#$#$%^&* And we missed by a penny!$%^&(_(&( Katy bar the door, watch out below!!!! Sell!!!!! Lousy cc, don't they know how to do those? Every single expectation and hope that we had going in was met and then some. IMO the negative posters here are reacting simply to the market price drop, nothing else, and getting their pants in a dither unnecessarily. BP