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

To: signist who wrote (12675)	4/11/1999 1:45:00 PM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

From the 10K: MRVC did buy back more of the their convertible debt than I thought last year, although this must have been convertible debt from previous years. The convertible debt issued last June is not callable for 3 years. Also I thought only 10,000 shares of treasury stock had been repurchased. It must have been more like 20,000 shares. Year Ended December 31, -------------------------------------- 1996 1997 1998 -------- -------- -------- <S> <C> <C> <C> CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from issuance of common stock 8,942 99,638 1,510 Proceeds from the issuance of debentures 30,000 -- -- Repurchase of common stock issued in connection with acquisition -- (4,230) -- Proceeds from issuance of convertible notes -- -- 96,423 Principal payments on capital lease obligations (60) (255) (62) Repurchase of convertible notes -- -- (5,300) Purchase of treasury stock -- -- (133) -------- -------- -------- Net cash provided by financing activities 38,882 95,153 92,438 -------- -------- --------