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

To: Greg h2o who wrote (41609)	10/28/2003 12:35:58 PM
From: mahler_one	Read Replies (1) \| Respond to of 42804

Hi Greg...thanks...wonder if JDSU will use the funds to buy some other companies...Luminent comes to mind of course. Perhaps Charlotte can go along as well. m1

To: Greg h2o who wrote (41609)	10/28/2003 5:45:24 PM
From: Bridge Player	Respond to of 42804

<<*We note that JDSU has historically stayed away from issuing debt and currently has over $1.2 billion in cash and equivalents on the balance sheet.>> Greg, It is hard for me to understand why JDSU, with that much liquidity and cash, would voluntarily choose to raise an additional $475 million thru a debt offering. What kinds of projects are they investing in that a billion + would not fund adequately? It is almost as if they said, hell, with interest rates as low as they are, why not raise some more money while the getting is good? If we ever get profitable again, we'll never have to repay that loan in 7 years. Not a surprise to me that the market reacted negatively to that news.