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

To: Wesley Zega who wrote (7384)	2/27/1998 11:39:00 PM
From: BOGEY MAN	Read Replies (2) \| Respond to of 42804

What makes me nervous is I'm in on this stock at 33.25 three quarters ago when everyone said we were headed to 60.00. As we can see were headed in the wrong direction , I'm just wondering what in the world would this stock have done if the company said things were slowing down thats whats making me so nervous. I keep hereing how everyone thinks noams doing a good job but is he really. I own my own company and if my stock was getting hit like this and I cared about my share holders I would come out and say investors hold on things are looking good for MRVC. BOGEY MAN OUT

To: Wesley Zega who wrote (7384)	2/28/1998 10:12:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

RE: What am I missing here? Your numbers are hard to read, as you didn't post using fixed font, so I will restate. The losses in both 1995 and 1996 were due to acquisitions. If you exclude the acquisition charges you get: EPS excluding acquisition charges Q195 0.04* Q196 0.09 Q197 0.19 Q295 0.05* Q296 0.10 Q297 0.21 Q395 0.06* Q396 0.11 Q397 0.23 Q495 0.08* Q496 0.16 Q497 0.25 Total 0.23 Total 0.46 Total 0.88 * Shares used in 1995 calculations were 18,377,000 from 1996 10-K. In 1995 there was a common stock offering of 2.7M shares and issuance of 819,972 shares for acquisition of assets in Israel from Ace-North Hills and Galcom. MRVC stated that for 1995 Net income would have been $4,345,000, excluding $5,618,000 in acquisition charges. In 1996 MRVC acquired Fibronics. They stated that net income for 1996 would have been $10,555,000, excluding $20,209,000 in acquisition charges. In 1997 Net Income was $23,012,000. Revenue in Millions Q195 $ 6.7 Q196 $15.5 Q197 $ 35.6 Q295 $ 8.3 Q296 $19.6 Q297 $ 39.5 Q395 $11.1 Q396 $22.7 Q397 $ 42.0 Q495 $13.0 Q496 $31.0 Q497 $ 48.4 Total $39.1 Total $88.8 Total $165.5 What are you missing? Not much, except you used $0.27 instead of $0.25 for Q4 97.