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

To: mahler_one who wrote (42494)	3/17/2006 11:19:39 AM
From: NeverSeemToLearn	Read Replies (2) \| Respond to of 42804

May be I should be happy that somebody is willing to buy nearly 20 million shares at $3.75? It was under $2 not long ago. I sure hope they have clauses in that sale to prevent them from selling in the open market for a quick profit. Looks like I am not the only one, not happy with the private placement, here is what Kramer said - And although MRV Communications (MRVC:Nasdaq - commentary - research - Cramer's Take) made a private placement, Cramer said that he still likes the stock. "MRV did something I don't like," he said. "The stock runs up and management decided to sell 19 million shares to a couple of big guys who run the system ... it seems unfair." However, it means that the company now has the capital to ride out this current cycle, he said, referring to the fact that MRV is involved in the effort made by phone companies to compete with cable companies. He said the stock could come down a bit in the near term because of the placement, and that he liked MRV "more before they did the private placement."