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

To: J. Conley who wrote (9203)	6/24/1998 1:36:00 PM
From: Saul Feinberg Jr.	Read Replies (1) \| Respond to of 42804

Jack, I wrote some messages comparing inventories between Cisco, MRVC, Ascend, Xylan. In terms of # of days of COGS, MRVC's is the worst. They hold something like 113 days COGS. Xylan holds like 60 days. Cisco is like 30 days. Unfortunately, I do not have the breakdown of Raw Materials, WIP, and Finished Goods. I really think the inventories is the thing that is killing MRVC's stock price. I believe, that even if MRVC misses EPS estimates by a penny, and show drastic improvement in inventories, the stock will rise.

To: J. Conley who wrote (9203)	6/24/1998 6:23:00 PM
From: Dee Jay	Respond to of 42804

my guess is that NBase LTD (the LTD is a clue) is an Israel-based subsidary - in fact I'm sure of it because it was purchased from a major Israeli electroincs concern - and with certain agreements the Israeli government waives income taxes for stipulated periods. Intel and other US companies have so qualified and have major presences in Israel for that and otehr reasons, one being the huge labor pool consisting of highly educated and highly skilled technical people. The former USSR suffered a huge brain drain when they finally permitted Jews to emigrate, thanks to pressure from a US law (Jackson-something) and US diplomatic efforts. And Isarel itself has some pre-eminent institutions equal to MIT and CalTech, among others. Dee Jay