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

To: signist who wrote (27702)	11/10/2000 12:21:54 AM
From: signist	Respond to of 42804

The answer to my dumb question...I think From Raging BullBy: BankerNoMore $$$ Reply To: None Thursday, 9 Nov 2000 at 10:19 PM EST Post # of 10538 1sh MRVC has $26.87 LMNE stake at $12 IPO price if I am figuring correctly. If anyone sees an error, please post. Thanks! MRVC shares o/s = 64.306mil LMNE shares o/s = 156mil (w/o overallotment, stock options) MRVC will own 144mil shares LMNE post-ipo according to the prospectus So, 144 / 64.306 = 2.239 shares LMNE per MRVC share 2.239 * $12 = $26.87 At $15, LMNE value in MRVC = $33.59 Today MRVC closed at $32.875 So, depending on how much you value MRVC's other assets (including the upcoming Optical Access IPO filed 10/00), it may well be cheaper to buy LMNE via MRVC Friday IF, REPEAT IF, you are planning on owning for long-term (at least through spin-off). Over the short-term, who knows... Dave ragingbull.altavista.com