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

To: James Calladine who wrote (23840)	9/13/2000 10:40:24 AM
From: djrb56	Respond to of 42804

shares outstanding It was 64 million as of June 30, but I think they registered 9 million new shares for purchasing Astroterra.

To: James Calladine who wrote (23840)	9/13/2000 11:31:44 AM
From: Bridge Player	Respond to of 42804

James, MRVC outstanding shares including those issued for recent acquisitions, are roughly 70 million. From the pro forma financials giving effect to the acquisition of Astroterra Corp in July 2000: [the 68,925,000 is pro forma shares for the 3 months ended June 30, 2000; this is an unaudited number] <<<<< SHARES USED IN PER - SHARE CALCULATION - BASIC 59,839 53,358 62,754 53,472 SHARES USED IN PER - SHARE CALCULATION - DILUTED 66,767 56,391 68,925 58,326 >>>>>>>>>>>>>> To engage in some pure speculation about valuation and market price, lets take a SWAG at some projections as of April, 2001. Please note: these are purely speculations about the future, and may or may not have any bearing on the real world 6 months hence. Your speculations may vary. Shares of Luminent (LMNE) outstanding: 160 million Market price of LMNE: $25 (based on IPO raising price range to $15-17, opening at 22, closing at 25 first day, stock price remains flat next 6 months.) Percent of shares of LMNE owned by MRVC: 85%, or 136 million. Market value of shares of LMNE owned by MRVC: 136 million times $25 = $3.4 billion Outstanding shares of MRVC: 75 million (assuming additional shares issued for acquisitions in next 6 months) Ratio of shares of LMNE to be spun off to MRVC stockholders: 136 million/75 million = 1.813 shares of LMNE per MRVC share Value of received LMNE shares to MRVC stockholders: 1.813 times $25 per share = $45.33 Market value of remaining MRVC corporate assets based on market price as of 11:25 AM EDT on 9/13/2000: $54.37 - 45.33: $9.04/share. BP