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

To: Ronald D. Stange who wrote (7105)	2/22/1998 10:46:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

MRVC has over $100M in the bank, of which $80 was added in September. Assuming they didn't have time to spend much of that on growing the new sales force, lets say they still have $75M of that new money all during Q4. Assume it is idling at only 5% somewhere (1.25% for the qtr). 75M x 1.25% = $937,500 Divided by 25.9 million shares we get 3.6 cents income not subject to margin. I don't have a fully diluted share count, which would lower that a bit, so figure an even 3 cents. This extra income should allow MRVC to save some sales for Q1 if they want to, so I'm guessing only 1-2 cents of that show up in Q4. Hence my 0.26 est.