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


To: Greg h2o who wrote (29790)2/20/2001 10:34:40 AM
From: Bald Man from Mars  Read Replies (2) | Respond to of 42804
 
from the trading action of this bad boy, something is bad on the earnings after close !!!



To: Greg h2o who wrote (29790)2/20/2001 12:00:10 PM
From: stkpicker_98  Read Replies (1) | Respond to of 42804
 
I agree that it is premature to state that the ITouch staff reductions were due to "poor sales". However, that is more than likely valid. The cuts were mainly in Manufacturing and Engineering and, of all places, IT.

There definitely was a reduction in staff; however, in line with MRVC's "stealth mode", their was no announcement.

As a stockholder, I am interested in the splitting of the remaining personnel into the three groups and what it means to MRVC's future plans.

Should be an interesting evening - hopefully, the people driving the stock down don't know something we don't.