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

To: Ugachaka who wrote (12054)	2/7/1999 11:09:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

<<I am worried about their figures on 2/16/99. I've only seen a single wild estimation of 0.09 per share profit somewhere on Yahoo. Wall Street expects -0.04.>> Why do you care enough to be worried? Q4 earnings is the end of LAST YEAR. With expectations set so low and 1998 a full-year loss no matter what happens, it is a golden opportunity for MRVC to take charges for any remaining deadwood, such as closing a low-return sales office, product or product line, or inventory elimination. That plus continued build-up of R&D and SG&A for their new products, are likely to make Q4 a mixed bag. In this light, profit or loss in Q4 is not that important. What matters is the CC and their forward looking prospects. A good CC and we go up. A continued cautious CC (which I expect) and they dip after earnings (from the rise coming in the next 7 sessions) and we will have to wait another quarter before the street sees the light. I don't expect a bad CC, as their new products are clearly exciting and worth waiting for.