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

To: Phil Rosten who wrote (7866)	3/25/1998 11:20:00 PM
From: Sector Investor	Respond to of 42804

<<He described MRVC by saying, "You may remember MRV Communications, they are one of those Cabott Letter stocks, some of which have done well and some which haven't". There was no mention of all the consecutive quarters of consecutive increasing earning; no mention of the high quality leading edge products, or anything else.>> An excellent post sir! Your reference to the Cabot Letter stereotyping just goes to show how shallow many of these reporters and investment community people can be. They don't bother to REALLY look or understand the companies they comment about. Back in October after ASND's earnings, Mark Haynes commented something very close to "of course Ascend is not a REAL networker - they just make access products". This, several months after the CSCC acquisition. It takes time to get thru all those thick skulls and bloated egos to the tiny brains inside.

To: Phil Rosten who wrote (7866)	3/25/1998 11:25:00 PM
From: peacelover	Respond to of 42804

Phil, Thanks for your advice of patience. I am usually a patient man, but what ticks me here is that this co. has the worst IR and PR dept's. of all companies, IMO. I empathize with all the hard working employees of MRVC. They do an excellent job and make money quarter after quarter, but their efforts are not represented well in the eyes of the public out there by those who should, namely the management and the IR and PR personnel. As luck would have it, they will one day miss a quarter and get slaughtered with all the good past quarters meaning zilch! This is what truly bothers me about this co. Peace. peacelover

To: Phil Rosten who wrote (7866)	3/26/1998 10:52:00 AM
From: Saul Feinberg Jr.	Read Replies (1) \| Respond to of 42804

Phil: Let me play devil's advocate. I am a big shareholder of MRVC. I am really puzzled by one thing, though. It seems that the DSO's and the inventory became an issue not only on 4th Q, of 1997 but also 3rd Q, of 1997. Knowing this, the management could have preannounced the inventory build-up and its reasons before they reported 4th Q EPS. I don't know why they did not. I know management is great and very trustworthy, but could this also mean that they are getting a little desperate in trying to beat EPS estimates that they became more lax with their accounts receivables so as to close the sales for the end of the 4th quarter 1997? Secondly, it seems that the last EPS was 88% higher, and this quarter's EPS is estimated to be around 50% higher. Is this a trend of decelerating increase in EPS? Thirdly, don't you think that the loss of NN and DEC was unexpected? If so, don't you think they would have been more pressed to be lax with their Accounts receivable just to replace the lost revenue for 4Q, 1997. And what does the loss of these two OEMS mean to their future?