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


To: mozek who wrote (7189)2/24/1998 11:02:00 AM
From: SJS  Respond to of 42804
 
OK...well it's now 25 3/8 on the bid side, and wants to go lower. It's down over 12%

How great were those numbers, anyway?



To: mozek who wrote (7189)2/24/1998 11:05:00 AM
From: Robert G. Harrell  Read Replies (1) | Respond to of 42804
 
As of 10:37 four institutional size trades had occurred. Three of the four clearly caused spikes up so I assume they were purchases. That tells me that the institutions are stepping up to relieve the weak hands of their stock. The weak hands are still selling. We're now below 26.

Bob



To: mozek who wrote (7189)2/24/1998 1:31:00 PM
From: Andrew Furst  Respond to of 42804
 
Intel's new networking strategy has been "announced" today, to some degree at least. Any take on whether MRVC is involved with this?

Looks like the inventory and accounts receivable concerns are weighing MRV down today. Any linkage of those higher inventories to the new Intel products would definitely help the stock. Otherwise, it appears that today's selloff is justified - the picture is just not clear enough for many to justify owning the shares. In a year, it should be clear whether or not MRVC's product and sales efforts have paid off. For now, the stock has to be viewed as somewhat speculative - though I am staying with it at these levels.

(Editing note - I now see that many have responded regarding the Intel release; when I first wrote this, there were no comments on the Intel news. So to some degree - never mind. I'd still like to know more about the MRVC/INTC connection, as I'm sure everyone here would).