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

To: WebDrone who wrote (8197)	4/16/1998 5:05:00 AM
From: ayn rand	Respond to of 42804

Texas_Hillman Apr 15 1998 11:56PM EDT Hello, I am enjoying today's run up. If we hold tomorrow above $26, then we may regard the breakout as having occurred, as predicted a few weeks ago (to the day). What I think will happen next is this: the stock will hold above the $26 level the next two days, confirming the breakout. It may drift near $26, it may stay level, or it may leap up more. I think that latter since the huge volume suggests it. More on volume later. The next critical point is $29/30 level, it is a resistance point. It is also important for our friend with April 30 options (VQXDF). Can it double? Sure, when it doubles 3 times, it will be a $5B company. There sure are a lot of those, aren't there? I see MRVC being at that level in a few years, or a part of CSCO or LU. Several seemed to pull the trigger and sell. No criticism here! It is money in the bank, and peace of mind. However, this bull is running and this stock has been caught up in it. Earnings is still 1.5 weeks away, and things are happening. The volume says that we should watch the news closely. Finally, there have been several posts to the effect: "MRVC always leaps before earnings and then drops" so sell before the news. Such a general perception makes me want to hold it through earnings and beyond even more strongly. MRVC is LONG overdue for a sustained reversal relative to the market. Look for earnings estimates to be handily beaten, and $35 by June sometime. As before! Yours, Tex ................................................................................................ (From the Yahoo thread)

To: WebDrone who wrote (8197)	4/16/1998 6:21:00 AM
From: Gary Gardina	Read Replies (3) \| Respond to of 42804

Interesting that so many think that the Xyplex deal will be great... Whittaker purchased Xyplex in March 1996 for $117.5M and at that time most of the company's losses were buried deep in the Raytheon financial reports, less than 2 years later Whittaker sells them to MRV for $35M. How is it that anyone can believe this is a good purchase, or that Whittaker have sufficient cash to purchase the outstanding warrants? It certainly wasn't Whittaker Communications (aka Hughes LAN Systems) management that dragged the value of this business down 70% in two years time; within 3 months of the 1996 purchase, 99.9% of the former WC/HLS management was replaced by Xyplex management and operational control (check the past SEC filings and press releases for Whittaker). The end result was a reverse takeover of WC by Xyplex, and despite strong warnings to Whittaker Corporate regarding the financial ongoings of Xyplex (this company was spending cash like it was Cisco), Whittaker Corporate management went ahead and rolled over to the Xyplex management influence. So, just a word of caution... read the past SEC reports from Whittaker carefully, and if you are an investor in MRV, I'd stongly recommend that you follow the management control over this $35M investment very, very carefully... Bottom line -- in my opinion, there are no positives in the purchase of Xyplex unless MRV is wise enough to strip out ALL of the operating infrastructure of Xyplex, take it's technology out of the east coast, and run. I'm sure that Alibrandi is a pretty happy guy right about now... his albatros is now gone, and Brancati has long been shuffled off to other green pastures.