Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mama Bear who wrote (10664)	9/3/1998 9:03:00 AM
From: DAVID BANISTER	Read Replies (1) \| Respond to of 42804

Barbara, we are aware of insider selling. Look at Dell, Cpq, Intel, Amat, Csco etc etc... sept of 97... everyone was selling and have been more selling since!!! It is not a good indicator of stock price movement at all.... a much better indicator is buying. Historically this is a proven fact. Otherwise Dell and MSFT would be lower today, so lets drop the insider selling theme as its not relevant. Its very common to sell 10% of your holdings at one point or another. If you still own 90% of your holdings, and you buyback some token amount more 8 months later at 23 per share, that indicates your long term faith in the value of the company. Fear has gripped the stock... Noam wrote me an email yesterday and Im sure we will see stock value restored...the price today is silliness. Thank you for your note. I want you to know that your management is working hard to restore shareholders value. I believe our buyback strategy is sound. In the long run, the value of the company will be better reflected in the price of the share. Best regards, Noam Lotan At 10:36 AM 9/2/98 -0400, you wrote: >I am a shareholder in MRVC and have followed the company for many years. >I am disappointed at the rather small buyback of shares announced >yesterday in relation to the total shares outstanding and the cash in >the bank at MRV. If book value is $6.50 per share, why did you not feel >that at least a 10% buyback of the shares was a good investment for the >company? Isnt the return on that investment going to be superior to any >return on capital you might otherwise employ? Have you or will you >consider a strategic alliance with a larger networking company that can >help you with your future growth? I listened to the conference call and >you alluded to this. Please advise on why the rather small amount of >share buyback... the street is not appearing to impressed today with the >stock barely up. > >thanks much >David a. Banister, >Shareholder > Noam Lotan President and CEO MRV Communications, Inc. (818)773-0900 noam@nbase.com