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

To: Ron B who wrote (10897)	10/18/1998 8:14:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

<<I think the company said the gross margin would be at 43% or slightly lower for the YEAR>> Nope. The wording for the 9/22 document is quite clear. " In August 1998, MRV announced that it expects operating results in the third quarter of 1998 to be adversely affected by weaker than anticipated demand for its networking products and delays in its transitions to next generation, higher margin, networking products. The Company expects that - revenue will be down 10% to 15% from second quarter revenue of $65.7 million, - the gross margin percentage will be down to or slightly below 43% from the second quarter percentage of 44.1% - and operating expenses, consisting of selling, general and administrative expenses and research and development expenses, to be approximately 8% to 10% higher than second quarter total operating expenses of $17.4 million. " Read it for yourself : fe.freeedgar.com