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

To: mact who wrote (25470)	10/15/2000 2:14:08 PM
From: Sector Investor	Respond to of 42804

Canadian Capital Gains Tax to be cut this week Message 14584485

To: mact who wrote (25470)	10/15/2000 2:15:36 PM
From: Bridge Player	Read Replies (2) \| Respond to of 42804

<< if MRVC drops to 8-10 when they distribute LMNE shares, i for one would no longer be interested in this company.>> That price was simply for purposes of an example. No one has any idea what the price will drop to. The only certain thing is that it will drop by an amount equal to the value of LMNE shares distributed. <<.so when OPXS ipo's and MRVC distributes OPXS shares, will MRVC drop to 1 dollar to take that into account?...>> That depends entirely on the value that the market determines the remaining MRVC operations/holdings to be worth. BP

To: mact who wrote (25470)	10/15/2000 3:31:57 PM
From: T.R.	Read Replies (1) \| Respond to of 42804

<<if MRVC drops to 8-10 when they distribute LMNE shares, i for one would no longer be interested in this company>> Wouldn't that depend on what the price of MRVC is trading at at that time (among other things?) I've had many stocks that have given back that many points (and much more) after having great runs....only to return to even greater runs. Regards, Tom

To: mact who wrote (25470)	10/15/2000 11:49:46 PM
From: Bridge Player	Read Replies (1) \| Respond to of 42804

<< but look at HWP's price when they distributed A shares...it didnt drop to acct for the distribution as far as i can tell...matter of fact, if u chart HWP for the past yr, there is not a one day dip like there was for BCE or COMS.but look at HWP's price when they distributed A shares... >> Agilent shares were distributed to HWP holders on 6/5/2000, at a ratio of .3814 shares of A for each share of HWP. HWP closed on 6/2/00 at 142 1/8. A closed on 6/2/00 at 81 3/4. Thus, .3814 shares of A was worth $31.18 as of the closing price of A on 6/2/00. $142.125 - 31.18 = 110.95. HWP actually opened on 6/5/00, the day of the distribution, at 114 1/2, $3.55 higher than might have been expected as a result of the distribution. That price, 114 1/2, was only 3/16 above the low of the day. HWP climbed that day to as high as 124, closing at 120 5/16, indicating that over the weekend, and during that Monday's trading, investors were revaluing upward their view of the worth of the remaining operations of HWP, ex the A shares. My data source is DTN.IQ which I have assumed is accurate. BP

To: mact who wrote (25470)	10/15/2000 11:59:13 PM
From: Duffeck	Respond to of 42804

<<but look at HWP's price when they distributed A shares...it didnt drop to acct for the distribution as far as i can tell>> Ahh but it DID drop. HWP distributed .3814 shares of A for each share of HWP after the market closed on Friday June 2, 2000. At the market close on the 2nd A closed at 81.77 and HWP at 142.125. If there were no change in the market value of either A or HWP over the weekend and through the day on the next trading day Monday June 5th than HWP would be expected to close at 142.125-.3814*81.77= 110.94. That Monday HWP actually closed at 120.31. So instead of losing 31.2 it actually lost only 21.8. I think this can be explained by the fact that HWP had just been upgraded on June 1st the day before the distribution day and was on somewhat of a roll having increased in value by 14 on Thursday and 8 on Friday. During the same preceding two days A increased by 8.1. In addition HWP issued a $0.03 Cash Dividend on Monday the 5th adding additional incentive to own HWP stock on that Monday. duff

To: mact who wrote (25470)	10/16/2000 12:00:27 AM
From: Duffeck	Respond to of 42804

<<but look at HWP's price when they distributed A shares...it didnt drop to acct for the distribution as far as i can tell>> Ahh but it DID drop. HWP distributed .3814 shares of A for each share of HWP after the market closed on Friday June 2, 2000. At the market close on the 2nd A closed at 81.77 and HWP at 142.125. If there were no change in the market value of either A or HWP over the weekend and through the day on the next trading day Monday June 5th than HWP would be expected to close at 142.125-.3814*81.77= 110.94. That Monday HWP actually closed at 120.31. So instead of losing 31.2 it actually lost only 21.8. I think this can be explained by the fact that HWP had just been upgraded on June 1st the day before the distribution day and was on somewhat of a roll having increased in value by 14 on Thursday and 8 on Friday. During the same preceding two days A increased by 8.1. In addition HWP issued a $0.03 Cash Dividend on Monday the 5th adding additional incentive to own HWP stock on that Monday. duff