Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric L. who wrote (7497)	3/2/1998 7:53:00 PM
From: Eric L.	Respond to of 42804

SI portfolio which includes MRVC, interesting to follow: TO ALL: ONE MONTH RESULTS: After one month the portfolio is up 23.25% led by Specialty Teleconstructors which is up 108% on merger news. As usual the portfolio can be followed by clicking on quicken.excite.com There is plenty of news coming out on almost all of these issues, and several of them have showed remarkable strength as leaders in what is already (at least for now) an overheated market. Others have been disappointments. Recent pullbacks in Checkfree, Yurie, and MRVC have been disappointing, perhaps harbingers of greater doom and gloom for the markets. Or perhaps they have become strong buys! I understand SI will be offering integrated portfolios and charting starting March 1. This should be a handy feature. Wonder if it will provide ad revenue for SI. The NASDAQ is at a hysterical 1770.51. It was at 1578.90 one month ago...a one-month gain of 12.1%. Forget about your mutual funds for the rest of the year, they'll end the year down or flat! 9 of our twenty stocks did NOT beat the stock index. However, a number of the ones that did have increases of 30%, 40%, etc. Some of our dogs were supposed to do well--YURI, MRVC...what happened? Some of the plays are more long term and we'll see them do even better in the future. HUMCF's value is being realized now and it is starting to break out of its slump, up 10.3% on the month. Some of the other high flyers could continue to roar ahead to multiple-bagger gains on the year. Others will crash and burn. In the end we will come out way ahead of t-bills. Happy savvy growth & value investing, see you again in a month. :) techstocks.com

To: Eric L. who wrote (7497)	3/2/1998 8:05:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

I just received my updated Investor's Kit from MRVC today (1-818-886-MRVC). Same old grey folder, but updated information. I had previously been using a rough mental calculation of $80 Million that MRVC received in the secondary. The actual number is just over $84 Million. (2,350,000 shares at $35.75). After spending $35 Million on Xyplex (a steal, IMO), they still have an additional $49 Million to invest or use as they see fit. In addition, the Bear Stearns Recommendation Followup from November, 1997, discusses the Newbridge issue. They state that Newbridge's contribution to MRVC's revenues "amounts to no more than 3%-4%," and "is not a major concern." Bear also stated that the new NH 2024 and NH 2048 switches and it's IP switch that started shipping in June could accellerate MRVC's growth Their estimates for 1998 are $1.24 and $1.75 for 1999 (and that's BEFORE the Xyplex acquisition). Since the CFO came out and stated that he believed MRVC would make it's 1998 estimates, (a bold move on February 24th, unless that is an extremely conservative number), I have to believe MRVC will beat each quarter this year handily. Remember that the uptrend for GE (Gigabit Ethernet) is just starting. This market is projected to go from $70 Million in 1997 to $2.9 BILLION by the year 2000, (4000% growth), and MRVC is going in with the best ASIC port density, low end prices, the most complete product line of anyone bar none, and now a doubled sales staff too. And we're currently having a Fire Sale! I'm glad to see people taking advantage of it. At $22 this stock should easily double in a year and probably triple in 2 years.