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

To: mahler_one who wrote (41373)	7/29/2003 10:44:35 AM
From: Dee Jay	Read Replies (2) \| Respond to of 42804

CIBC's bottom line is: "C o n c l u s i o n The company continues to be aggressive on cutting costs and focusing on a return to profitability. We believe further action is necessary and trust management will continue with its reorganization plan. Before becoming more aggressive on MRV, we would like to see more quarters of sequential revenue growth and a much lower quarterly cash burn rate, which would address our continuing liquidity concerns. We could be reconsidering our rating upon solid 3Q03 results and 4Q03 guidance. Our Sector Underperformer Speculative rating is maintained due to the continuing weak economic and telecom capital spending environments, as well as MRV's limited revenue visibility." Read that as having a lot of IFs before they'll do an upgrade. Dee Jay