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

To: ItsAllCyclical who wrote (10607)	9/1/1998 4:58:00 PM
From: mike.com	Read Replies (2) \| Respond to of 42804

This is very good news and shows management's confidence in the future. I know it's not a great amount of shares but I think they would want to keep some cash available for future aquisitions.

To: ItsAllCyclical who wrote (10607)	9/1/1998 5:02:00 PM
From: WebDrone	Respond to of 42804

Jim- confirmation of buyback from MRV website mrv.com FOR IMMEDIATE RELEASE September 1, 1998 MRV COMMUNICATIONS ANNOUNCES COMMON STOCK REPURCHASE PLAN Chatsworth, California, September 1, 1998 - MRV Communications, Inc., (NASDAQ - MRVC) today announced that its Board of Directors has authorized the Company to purchase up to one million shares of the Company's common stock, $.0034 par value, in open market purchases from time to time at the discretion of the Company's management. MRV intends to effect such purchases, if any, in compliance with the Rule 10b-18 under the Securities Exchange Act of 1934. The acquired shares will be held in treasury or canceled. "We believe that the true value of the Company is not reflected in the current market price of our common stock," said President Noam Lotan. "This common stock repurchase plan reflects our confidence in the long term growth potential of MRV." MRV Communications Inc., is a leading provider of high-speed optical networks integrating switching, routing, remote access and fiber optic transmission systems that enhance the performance of existing telecommunications networks. The Company"s advanced networking solutions enhance the functionality of LANs and WANs by reducing network congestion and provide cost-effective migration paths to next generation Converged Networks with technologies such as Gigabit Ethernet, Remote Access and Voice over IP. The Company's fiber optic transmission products deliver voice, data and video traffic, under demanding environmental conditions, to carriers, enterprise customers and residential networks. Contact: MRV Communications, Inc. Investor Relations (818) 886-MRVC (6782) Noam Lotan or Edmund Glazer If (when...?) the company pulls through this, we are gonna have one hell of a story to tell! WebDrone