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

To: Sector Investor who wrote (12387)	3/9/1999 10:58:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 42804

The re-statement was because....? Stolen from a 10-Q/A, footnote 2: "2. PURCHASED TECHNOLOGY IN PROGRESS Although MRV Communications, Inc. reported its first, second and third quarter results of 1998 in accordance with established accounting practice and valuations of purchased technology in progress provided by independent valuators, these valuations have been reconsidered in light of very recent Securities and Exchange Commission guidance regarding valuation methodology. Based on this new valuation methodology, the value of the purchased technology in progress related to the Xyplex acquisition has been reduced to $20,633,000 and the amount of goodwill has been increased by $9,938,000." Was that the only issue? Later, Dennis