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

To: starpopper who wrote (11450)	12/11/1998 9:27:00 AM
From: Mark A. Forte	Respond to of 42804

Someone is expecting MRCV to go above the conversion. I personally don't see anything wrong with these bonds. It's good financing. If they issued regular bonds they might be junk and have a coupon of 9% or higher.

To: starpopper who wrote (11450)	12/11/1998 10:30:00 AM
From: Dennis R. Duke	Respond to of 42804

I have helped write 5 SEC filing in the last 3 months. The languague in these documents is meant to protect the Company from law suits more than it is to inform the shareholders. If this report bothers you get a strong competitors filing and read their "Risk Factors" disclosures and see if you don't come away scared. The "Risk Factor" disclosures allow counsel to defend agaisnt any shareholder claiming that they did not know about the potential risks with the securities. It is sad that our society is so legalistic. But the lawyers and greed got us to where SEC filings are big CYA documents and not very informative disclosures for investment making decisions, IMHO. Read some other documents from companies that you respect, before acting to harshly on your initial impress of this one. IMHO, the strike price for conversion is much more telling on this one. And if the previously uncovered story on the hedge fund who bought the debt was true and they shorted an equal position, then approximately 14% of the outstanding shares were shorted at the time of the debt offering. Imagine the buying pressure when they go long. The Tiger Fund was the biggest shorter of ASND according to a December, 1997 Wall Street Journal article. We all know ASND went from $23 in December, 1997 to over $60 today. The stage, and this play, maybe be different, or it maybe the same. Only time will tell. Later, Dennis

To: starpopper who wrote (11450)	12/11/1998 11:31:00 AM
From: Bruce L	Read Replies (2) \| Respond to of 42804

MRVC is still in a slow downtrend: moneyflow and MACD still negative. Given that, I thought the stock held up well in Thursday's strong market downdraft: there was one trade at 6 1/8 (~2:30EST) and it bounced from there. This Friday a.m. volume is about half of normal. The largest trade has been all of 2600. Except for one 5 minute period (10:29 -34) when about 5000 shares traded all trades have been at 6 1/4 or above. Technically speaking (TA) we are still in a down trend but a bottom is near: IMO support at 6 will hold. CONVERTIBLE NOTE PROCEEDS AND PATENT PROTECTION Starpopper: I'm not sure what you're suggesting re the notes. MRVC HAS the money and has invested it in short term money market instruments. The interest earned exceeds the interest to be paid. The notes were sold to wealthy "qualified" investors so that the company did not first have to comply with onerous SEC prospectus requirements. As to patent protection, somebody correct me if I'm wrong, but in the technolgy field in general, and the networking field in particular, companies generally do not rely on patents, but on "unpatented proprietary know-how, trade secret law, and company copyrights." I don't believe that Cisco, COMS or Lucent rely primarily on patents either. I throw it up (hopefully) to further discussion. bruce