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

To: Seth Leyton who wrote (9185)	6/23/1998 6:01:00 PM
From: facai	Read Replies (1) \| Respond to of 42804

I own several tech stocks of which MRVC is the only one that declined today (I also follow two dozen other tech stocks, almost all of them are up on the day). Since I have equal number of shares in MRVC and MSFT, I don't have a lot to complain (today). What is intriguing to me about MRVC is that Mr. Pink has been essentially correct in predicting the downward move of the stock price in recent weeks, even though many people said that he got his facts wrong about the company. I don't really understand the implications of today's press release, but the market's opinion is obviously negative. I feel that MRVC could have dropped more if not for the positive sentiment of the market today.

To: Seth Leyton who wrote (9185)	6/23/1998 6:02:00 PM
From: Saul Feinberg Jr.	Read Replies (2) \| Respond to of 42804

Seth, I spoke to RavNoy too, and he said this deal has brought MRVC a lot of exposure with the institutions. That they did the deal surprised me. But then, I think that, after the news of this offering and the cancellation two weeks ago, investors have not bought the shares for fear that the offering will inevitably come. By doing the deal anyhow (albeit at lesser prices), they remove the cloud, and get the money they need. However, i still am not sure where the money is to be spent. I think the best use is to buy the shares back in the open market. A bird in hand is worth two in the bush. Projections are tricky, but if your stock is undervalued, buy it. I know a few companies have actually done something like that. Henry Singleton from Teledyne (back in the 60s) is one. Furthermore, there is more incentive now for Institutions to bring the stock price to above 27 dollars. The Pru Coverage should help.