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: Marty Lee who wrote (10718)	9/13/1998 11:43:00 PM
From: Eric L.	Read Replies (3) \| Respond to of 42804

From WSJ, draw your own conclusions... MRV Communications is a Chatsworth, California, network supplier that billed itself as a mini-Cisco Systems, and claimed 34 consecutive quarters of earnings increases. Meanwhile, the company's cash flow was negative, suggesting that the firm was actually an aggressive practitioner of one accounting trick now receiving SEC scrutiny: MRV took large writeoffs when it made acquisitions, and that had the effect of artificially inflating profits later on. Acquiring a business called Fibronics for about $23 million, for instance, MRV took merger charges totaling $25 million. Last month, MRV warned that earnings would disappoint, and Roberts told clients to close out any short sales at $7, for a 76% gain. from Off No More Mark Roberts ventures where other analysts dare not tread By BILL ALPERT