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

To: Sector Investor who wrote (38941)	5/9/2002 3:45:37 PM
From: Dee Jay	Read Replies (1) \| Respond to of 42804

Sector, one would have to believe that the entire inventory written off a few quarters ago was sold in this last reported quarter and in no other. Now that would be an impressive trick, yet the cost of sales number does suggest that, doesn't it? On the other hand there could be other, far more significant reasons for the cost of sales being so much lower as a percentage of sales (OK, increasing gross margins) and I think that was part of the story - improved margins. If the improved margins were tied solely to disposing of the old inventory then I think there would be a major candor problem - please, someone, clarify that situation - improved margins came from ???? Dee Jay