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

To: Richard Birecki who wrote (9671)	7/29/1998 1:10:00 AM
From: Eric L.	Respond to of 42804

CSCO & LU aquire small co.s again...looks like they aquired tech in some of the areas MRVC mentioned in CC... zdii.com

To: Richard Birecki who wrote (9671)	7/29/1998 4:26:00 AM
From: signist	Respond to of 42804

businessweek.com THE SECRET WORLD OF SHORT-SELLERS Widely despised, shorts are often seen as unscrupulous rumormongers. A closer look tells a different story Short-sellers. They're as old as Wall Street. And though much has changed there, this has not: No one on the Street is more widely despised. Short-sellers were profiteers in the 1929 crash; aggressive ''stock-busters,'' led by the flamboyant Feshbach brothers, in the 1980s; and, nowadays, secrecy-worshipping, often embattled traders who bet on what is almost un-American--that share prices will collapse BET OR PUSH? Even among hardened pros on Wall Street, particularly institutional investors, small-stock underwriters, and brokerage analysts, shorts are shunned and hated. ''Fund managers will tell you: 'I don't want anyone shorting my stock.' They don't want anyone making money on their mistakes,'' says one Wall Street executive who routinely deals with both shorts and ''longs''--conventional investors. The detractors of short-sellers maintain that shorts don't just bet on share-price declines, they make them happen. Shorts are blamed for the travails of dozens of high-flying stocks that have taken heavy hits during the recent NASDAQ massacre: Solv-Ex, Diana, WellCare Management, Presstek, SyQuest Technology, and a host of other high-tech companies. ''Short-selling and bear raids are part of the business,'' concedes Solv-Ex CEO John S. Rendall. ''But when you put out false rumors and get the SEC involved--that, I believe, is criminal activity.'' Exchange and NASDAQ rules ban short sales while a stock is declining. This ''uptick rule,'' which allows shorting only when the most recent price change was positive, makes it tough to beat down stocks by short-selling alone.