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

To: Sector Investor who wrote (36129)	10/6/2001 8:50:35 PM
From: Duffeck	Read Replies (1) \| Respond to of 42804

<<Concluded? I don't think so. He merely asked the question. That's different than analysis leading to a conclusion. Edmund said, "NO, during the quarter, what we used some of the cash for is not what we would normally expect every quarter, from an operational point of view, it was more like $12 or $13 million for the quarter>> I would say Chet did "conclude" that the burn rate was about 20 million considering the LMNE cash was flat with 1 million or so and he asked Ed to provide confirmation. And further Edmond did not utter the word "NO". I listened to the tape 3 times. It was more like "Well I would say some of what we used some of that cash for is not what bla bla bla............" I agree with the rest of what you said. But I still maintain that MRV(including LMNE) actually used more like $37M last quarter a far cry from the $13M Ed stated MRV used from an "operational" point of view. Of that total about $20M came from stock sold in 2 private placements and $17M from cash and short term investments. I don't know how else to interpret these numbers. Message 16463309 Any accountants out there? duff