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

To: akmike who wrote (32044)	5/16/2001 8:18:12 PM
From: ELH1006	Read Replies (1) \| Respond to of 42804

AKMIKE, don't forget that MRVC, w/o LMNE, only has $83.5 million of cash. LMNE has the other $107 million that is included in the consolidated total. Pretty difficult to pay off the $89.6 million debenture. Eddie

To: akmike who wrote (32044)	5/16/2001 8:24:41 PM
From: Duffeck	Read Replies (1) \| Respond to of 42804

mike OK thanks but What forces the bondholders to take any action prior to the LMNE stock distribution. What would happen if MRVC is trading at less than $13.52 and MRV management does not call the converts and the bond holders do nothing initially but later try to convert after the LMNE stock distribution has occurred. Is this even a possible scenario? A variation would be the situation where MRV's stock price is greater than $13.52. I guess I just don't yet under this bond thing. Is there any way the stock distribution can occur with MRV trading at less than $13.52? Must the bonds either be called or converted prior to the distribution? As a recall Noam said bonds did not need to be called or converted. Is this correct? Lots of questions. duff