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

To: Richard Birecki who wrote (8563)	5/4/1998 7:39:00 PM
From: Sector Investor	Read Replies (3) \| Respond to of 42804

<<What are you people smoking?? Dilution at these levels. Let's put this to rest NOW. There is very little reason that I would sell at this point, them having a secondary is Definitely one of them.>> I fully agree. However, I did have a thought a bit back during the "increasing shareholder value" discussion, that I never voiced, and it it this: Without authorizing more shares, MRVC has enough authorized shares to do a three for two split (just barely). My experience with splits is that the market seems to have a short term memory of the split and a longer term memory of MRVC's "proper" price range. Also, splits are generally preceived positively. If MRVC can get the price to about $36, a 3-2 split takes the stock to $24. If we then can rise to even upper-$20s, shareholder's value would be increased nicely (and reasonably for now). Then, next year, after Xyplex is fully integrated and Edgeblaster has "blasted" off, do another 2-1 split. Of course the fly in the ointment of this plan is the "get the price to about $36" part. This is where I would really like to see MRVC in tomorrow's INTC announcement. I'm sure it's not us as the word "big" was used (that ain't us - yet), and we went down today. CSCO, ASND, COMS, NN went up today, so I predict (very reluctantly) that it will be one of them. I would like to know what others think about this 3-2 split idea - particularly Seth and Greg.