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

To: Dan Spillane who wrote (6514)	12/17/1997 2:42:00 AM
From: WBendus	Read Replies (1) \| Respond to of 42804

Dan, From what I caught about the income tax cut, I understand this to be a one time deal valued at 2 trillion Yen. The Nikkie was initially up very big, over 800 points, before selling off some later in the day. The news has obviously been well received by the Asian markets as most are producing 2% to 4% increases today. The S&P futures are up very strongly this morning in globex trading. They closed at 980.2 and are currently bid 987.7. Should this performance hold through the rest of this morning it would indicate about a 61 point pop on the open. I suspect that this pop will fuel some more bargin hunting in tech stocks. I bought BAY a couple of weeks ago because of the rate at which earnings estimates were climbing while the stock was sliding, even while management was confirming that the quarter was tracking well. I liked the prospects of a GE play but I also feel that there is a strong need for a company to have a diversified product line. Unfortunately MRVC didn't have the breadth of products or the analysts rainsing earnings forecasts. I still think that MRVC is a great company, worth far more than it is trading for, but I feel that it is unlikely to get the play it deserves. I read last week in an analyst industry review that GigEther is expected to outsell ATM in the LAN by 3:1. The analyst that wrote the review indicated that he originally thought that GE was going to outsell ATM, but he was thinking more in the line of 2:1 before going to some industry sponsored event and revising upward that expectation. MRVC is a tough stock to own, especially knowing that the company has good products, a devoted team, and some allegiant holders of the stock. Who knows, if I see the stock back down again I might actually pick some of it up. Wayde.