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

To: WebDrone who wrote (9644)	7/28/1998 2:19:00 PM
From: Dee Jay	Read Replies (1) \| Respond to of 42804

"going down" and "Monica" seem to be synonymous today, with a little Japan and Greenspan thrown in for added context. Dee Jay

To: WebDrone who wrote (9644)	7/28/1998 4:07:00 PM
From: SJS	Read Replies (1) \| Respond to of 42804

This is new from Briefings: __________ MRV COMMUNICATIONS INC. (MRVC) 21 1/2 +1 9/16. Following the release of a significant increase in revenues, shares of provider of high-speed optical networks integrating switching, routing, remote access and fiber optic products have moved higher, although they are off their intraday highs prompted by the sell-off in the broader market. Nonetheless, the latest Q2 results were quite good and should help the stock reverse the recent trend that has knocked-off about half its value. Sales in the latest period rose 66% over the year-ago period to $65.74 million and 8% on a sequential basis, while earnings for the period beat Wall Street estimates by a penny. Given MRVC's current price level, the stock trades at 17 times full-year projected 1998 earnings and 12.5 times projected 1999 earnings. This seems to be a very low multiple considering that top line growth is currently expanding above 60%, while earnings per share are increasing at 40%. The stock trades significantly below its 52-week high of $39 1/4 and MRVC seems capable of grabbing more market share in the fast expanding fiber optics market. Still, while the company appears to have made the transition to a full scale provider of networking services, investors have shied away from small cap stocks, preferring to stick with known quality names. This is understandable given the lack of performance in small and intermediate size enterprises. However, for the patient investor, and one willing to ride out the bumps in the road still ahead for anything that isn't large cap, MRVC could provide a buying opportunity as the fundamentals are positive. In addition, the company is set to introduce new products that should enhance growth opportunities in 1999.