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

To: mahler_one who wrote (41250)	6/26/2003 3:32:09 AM
From: Dee Jay	Read Replies (1) \| Respond to of 42804

it's not OT when the fear of DEflation expressed by the Fed Wednesday shows that they need for the cut to work and soon. Thursday's NY times carries a very interesting article about how well (or poorly) the Greenspanners did in managing expectations. With only 1 percentage point separating current rates from ZERO interest the leverage rate cutting has is greatly diminished. Greenspan fears, rightly enough, that we could fall into the molasses-like economy of Japan where ultra-low interest rates are meaningless in getting their economy moving. Those who benefited the most from the tax cuts are not going to spend wildly on consumer goods. Money chases money so they will seek greater investments in areas that will do well and thus further control wealth-production and thus power. Sorry if that sounds political but the tax cuts are going to do little for the economy under present emotional constraints and feeling of unease that prevails. A year from now come back to this one and see if there's any validity to it. JMHO Dee Jay

To: mahler_one who wrote (41250)	6/26/2003 3:32:09 AM
From: Dee Jay	Read Replies (1) \| Respond to of 42804

it's not OT when the fear of DEflation expressed by the Fed Wednesday shows that they need for the cut to work and soon. Thursday's NY times carries a very interesting article about how well (or poorly) the Greenspanners did in managing expectations. With only 1 percentage point separating current rates from ZERO interest the leverage rate cutting has is greatly diminished. Greenspan fears, rightly enough, that we could fall into the molasses-like economy of Japan where ultra-low interest rates are meaningless in getting their economy moving. Those who benefited the most from the tax cuts are not going to spend wildly on consumer goods. Money chases money so they will seek greater investments in areas that will do well and thus further control wealth-production and thus power. Sorry if that sounds political but the tax cuts are going to do little for the economy under present emotional constraints and feeling of unease that prevails. A year from now come back to this one and see if there's any validity to it. JMHO Dee Jay

To: mahler_one who wrote (41250)	6/26/2003 9:02:55 AM
From: Greg h2o	Respond to of 42804

potential upside surprises in telecom equip sales? throw in a weak dollar... notes from a SB analyst: TELECOMMUNICATIONS EQUIPMENT Alex Henderson Census Bureau Suggests Conditions Remain Strong The US Census Bureau released its M3 data with information about shipments and orders for the telecom sector data through the month of May. The census data has been a useful predictor for revenue performance in our sector. We believe the data confirms that conditions in the June quarter remain strong and should show a seasonal uptick in revenue for the equipment vendors. Equipment shipments for April and May were up 5% compared to the first two months of 1Q, but down 6% year over year. New orders for April and May were down slightly compared to Jan/Feb and flat relative to the year ago period The industry Book to Bill ratio remained healthy, coming in at 1.06. Reflecting normal linearity, we expect the majority of the acceleration to occur during the month of June *We continue to rate the Telecom Equipment industry Market Weight