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: Michael H. Dragon who wrote (8498)	4/30/1998 12:25:00 PM
From: Grommit	Read Replies (1) \| Respond to of 42804

I took it to mean that Bear Sterns will be doing another secondary in the near future with the proceeds going to buy back shares. This makes no sense. A company would not go thru the expense to issue new shares in a secondary just to buy them back.

To: Michael H. Dragon who wrote (8498)	5/1/1998 5:06:00 PM
From: Seth Leyton	Read Replies (3) \| Respond to of 42804

I think Noam's comments about enhancing shareholder value go way beyond the usual tripe. Management doesn't make statements they don't mean. They never have before mentioned clients. They mentioned over a dozen by name. They Usually lay low about contracts. They mentioned specifically that they beat out Cisco on a contract with a "large financial institution in the Boston area". They never discuss investment banking or specifically anything about what they'll be doing and on this call you left feeling with Direction and confidense that management was on top of things. Edgeblaster is a kick ass product and they usually don't mention anything about a product until around one quarter before inception and Noam said that they would ship in Q3 and realize the first revs in Q4. The potential market for VPN is 1.2 billion per year by the year 2001 and these guys have the cheapest price, and are the only ones...let me repeat that...the ONLY ONES with VOIP. This is the product that will launch the internet into the next century. Oak Technologies is the next least expensive at $30k with no VOIP. MRVC is at 10K/with VOIP. I have discussed with management on a couple of occasions why they stick with Bear Stearns. They are not married to them. They did one secondary and got coverage. Bear did not add one long term institutional holder to the holders of record. Management is aware of this and was angry. They were angry at Volpe for constantly being on the offer for the six to eight weeks following Q4, 97 earnings and I personally don't think Volpe will see another Dollar of MRV's invetment banking either. This is a great management. 1998 will not be their "Year" but I do believe that it will be good to MRVC's shareholders. Good luck Seth