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

To: Greg h2o who wrote (11219)	11/11/1998 11:18:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

Greg, they are still winning big contracts and their customer financing assistance coupled with a full writeoff is a powerful technique of EPS DEFERRAL. They squirreled $8 million away in Q3 that way - and still exceeded expectations by a penny. Since the loan was written off in full, but is almost certainly a good loan, this means they are beginning to structure a secondary source of income apart from sales. Over time this will become a nice consistent flow that will buffer them from slowdowns in sales in any one quarter. This is very powerful. In a strong quarter, they write more loans and write them off. In a weak quarter they write none or call in some. Conceivably, ASND could NEVER miss a quarter again and exceed by a penny every time, as Ashby keeps growth projections conservative. If LU does not buy them, I still see this stock over $60 soon and making new all time highs next year.