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

To: JFTRADERS who wrote (10973)	10/27/1998 1:40:00 PM
From: Dan Spillane	Respond to of 42804

Well I guess we can say that expectations for the future are not set very high at all.

To: JFTRADERS who wrote (10973)	10/27/1998 1:43:00 PM
From: Greg Jung	Respond to of 42804

JFT, and anybody please correct me on this summary: MRVC bought a company, Xyplex, for its software then under development. As such, quarterly statements will go from sequential increases (as seen in SI profile) to higher expenses => serial losses that you can probably calculate by simple combination of the two companies, going back to the 8-k/A of February/June time frame. I'm not sure how much the xyplex acquisition is a great enhancement of MRVC product line but I would suppose these guys are good and from what I can tell, there is a sequential flattening of top-line upcoming due to delay ofa new product. I suppose that is the news that sent it reeling on Aug29. No buyouts are sought. Oh I forgot to mention $100 million convertibles at $27 callable after 3 years, 5%. They are holding this cash (no big build-outs). Greg

To: JFTRADERS who wrote (10973)	10/27/1998 1:54:00 PM
From: SJS	Read Replies (2) \| Respond to of 42804

I'd love to answer you, but there are better folks here for some of what you're asking. If it's any consolation, we got a downgrade today from BEST (Bear Stearns) who was supposedly an ally (isn't that someone who smiles when they take your money??) My opinion is that the stock is dead for a while....I pray for a takeover so I can make some money back...

To: JFTRADERS who wrote (10973)	10/27/1998 2:04:00 PM
From: Bruce L	Read Replies (1) \| Respond to of 42804

The question as I see it: Is the decline this morning just normal retracement of a good pre-earnings runup? Or has management leaked information to the large players of disappointing earnings or CC? On the negative side: we've had pretty substantial volume on this latest decline. Much more than I'd like to see. On the positive side we've put in a double bottom and since the last low on Oct 9 the stock moved up more than 3 1/2 to close yesterday at 9 1/16. This is "only" a 50% retracement which is normal. During the last runup in MRVC's share price (Sept 21-23) we couldn't get through resistance at about 7 5/8. If we can hold above that figure today (previous resistance becomes support) I think the probability is that this action today is just nervousness and does not foretell bad earnings and/or CC on Thursday. Just thinking out loud. Bruce