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

To: Duffeck who wrote (31956)	5/15/2001 1:14:32 PM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

yes, i was being a little silly, but i'm kinda just waiting for the fed.... on the other hand, i think you are missing a little something on the converts...they can be called. that drastically limits their upside. and i was only being 1/2 silly about the 100% downward risk. it DOES exist, and i don't think anyone in this market should forget that.... unless you need the cash flow, i think the stock is the place to be.

To: Duffeck who wrote (31956)	5/15/2001 3:19:42 PM
From: rascalbythesea	Read Replies (2) \| Respond to of 42804

<For the reasons outlined the bonds look like a good investment. Am I missing something?> duff, you're not missing anything. The bonds are a good buy. They will not be called because MRVC will not want to put up the 90 million to call them. So the bonds will remain until maturity. Unless MRVC flies again in which case you will benefit from the increase in price. If for some unusual reason the bond is called, you will receive a price of $1000 per bond for a profit of about 200 dollars per bond or whatever the difference between the call price and what you paid. As the French say "VIVA LA DIFFERANCE" you will have made a rather large % profit based upon an annual rate. One caveat: these bonds may be for sale only to institutional investors. C'EST LA VIE. RASCAL