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

To: Sector Investor who wrote (11017)	10/29/1998 12:42:00 AM
From: George Dawson	Read Replies (1) \| Respond to of 42804

Short interest is up 200K to 3.1M shares this month. Current graphs and tables at the following link (just type in MRVC): viwes.com If you compare the table of shares short per month to a graph of closing price/day - you see an association of a significant increase in the short position over the months prior to the price drop. George D.

To: Sector Investor who wrote (11017)	10/29/1998 2:33:00 AM
From: Madharry	Respond to of 42804

Thanks for the analysis-my technically useless mind figures that if the company can earn a base of around $40MM and grow earning by 10% a year, which doesn't seem unreasonable then a 15 pe ratio would make worth around $600MM now. That equates to around $22.50 a share, and makes this price look like a bargain. On the other hand if one can get a 20% return to maturity buying the convertible bonds, that seems awfully good too. Either way it seems unlikely that this company will go bankrupt and a value of $22.50 leaves a huge margin for error, assuming the new technology works and does not get obliterated by some more advanced one.