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

To: Bridge Player who wrote (25472)	10/15/2000 2:27:53 PM
From: Sam Nizam	Read Replies (2) \| Respond to of 42804

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. I dont think that is certain at all. The whole idea of the spin-offs is to unlock shareholder value. If MRVC drops to a market cap of say 1 bil., that would be a huge discount to their Zaffire and CWNT holdings alone. Not to mention their other holdings. I just don't see it happening.

To: Bridge Player who wrote (25472)	10/16/2000 10:12:07 AM
From: mact	Read Replies (3) \| Respond to of 42804

bp, if ur argument were true, mrvc should drop to 0 when lmne distributes their shares since there is a very real chance mrvc's stake in lmne could equal their own mkt cap...by the time opxs distributes, it will certainly pass the mkt cap of mrvc...shouldnt mrvc essentially stop trading if the reduction were done solely on a mathematical basis?...now did cmgi ever drop when they spun out shares of co's in their stable?...dont think so...did hwp?...dont think so either....so i dont think this process is that simple. btw, i stand corrected on hwp's distribution on a...all i know is that if mrvc doesnt move up much and luminant opens at a double(whuich it could), by the threads argument, mrvc should drop to essentially 0, which doesnt make sense to me. mact