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

To: Ron B who wrote (6839)	1/22/1998 9:30:00 AM
From: ncs	Respond to of 42804

Yes, they would need shareholder approval to increase authorized shares. Neil

To: Ron B who wrote (6839)	1/22/1998 2:46:00 PM
From: Dan Ross	Respond to of 42804

<<FWIW, MRV does not have enough shares authorized to do another 2 for 1 split. They have authorized 40 million shares according to their last 10-Q. I'm not sure they even have enough to do a 3 for 2 split. If they have more than 27mm outstanding now, then 27 x 1.5= 40.5<< Perhaps I didn't explain myself good enough....I received the 2/1 and 3/2 splits LAST YEAR....MRVC does not have enough authorized shares to split again....I was commenting about how the extra shares sold, warrants given out etc. have impacted the EPS growth....it has diluted it dramatically up to this point....from 18 to 27 or so......Growth rate slowed while # outstanding shares increased...NOT GOOD.... However, I believe that they got an excellent deal with this acquisition.... Dan Ross