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

To: SpecialK who wrote (8487)	4/30/1998 11:02:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 42804

I haven't been reading this thread for a while now, but I saw MRVC's earnings the other day and was wondering why the stock was falling back. After reading a few posts here it looks like others are stymied as well. Just glancing over the earnings report, I saw something that struck me as rather odd. It looks like MRVC recorded over $50 million in charges with regard to the Xyplex purchase. That seems outrageously high, and MRVC ended up with a loss of $43 million dollars for the quarter. Like the rest of the street I wouldn't pay 28-29 for this stock either if they are going to lose that kind of money.