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

To: BOGEY MAN who wrote (7385)	2/28/1998 7:00:00 AM
From: Ron B	Read Replies (2) \| Respond to of 42804

What do you think would happen if the company announced today that they just won a $165 mill contract that would net them $23 mill in earnings? That's exactly what the company has accomplished during the past year and yet the stock price has FALLEN by more than 4%. Even more astonishing is the fact that MRV traded at near 40 in Sept and they've announced $13 mill in better than expected earnings since then and we're down 40% in price. I guess the good news is that I've held MRV long enough now to take the lower capital gain tax rate. Except right now I don't HAVE a capital gain.... The other good news is Noam clearly stated in the conference call that he will concentrate on shareholders relations now that the merger is completed. Well NOW would be a good time start concentrating don't you think? What types of things do you think he can do to help us shareholders? Share buyback?, pre-announcing a great 1st qtr?, clearly explaining the current inventory situation? What else?

To: BOGEY MAN who wrote (7385)	2/28/1998 11:39:00 AM
From: Stu Bishop	Respond to of 42804

Bogey, MRVC shares are trading at the same price as one year ago. Meanwhile, they reported $0.25/sh versus $0.16 in the year-ago quarter. I'd say this stock is beaten up pretty bad already. I can't imagine there's much down-side risk left here. Of course, there's the possibility I'm wrong. I know it's frustrating owning this stock; I bought at $27, so I too am in the red. But eventually, this stock will have to move to higher ground. Who knows when? Who cares? I'm not a trader, so it doesn't matter to me what the stock does short term. Be patient. I learned that lesson when I bought Sierra Semi (now PMCS), and held it for a year with no significant movement to the up side. I lost patience and I sold it for maybe a 1 dollar profit. The following year the stock doubled. MRVC should double in the next year. Best of luck