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

To: Mani1 who wrote (12928)	4/26/1999 4:56:00 PM
From: signist	Respond to of 42804

(REUTERS) TABLE - MRV Communications <MRVC.O> Q1 results TABLE - MRV Communications <MRVC.O> Q1 results CHATSWORTH, Calif., April 26 (Reuters) - MRV COMMUNICATIONS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended March 31, March 31, 1999 1998 (Unaudited) (Unaudited) REVENUES, net $ 70,116 $ 60,826 COSTS AND EXPENSES: Cost of goods sold 46,366 34,005 Research and development expenses 8,465 5,243 Selling, general and administrative expenses 15,845 11,600 Purchased technology in progress -- 20,633 Restructuring costs -- 23,194 Operating (loss) income (560) (33,849) Interest expense related to convertible notes 1,125 -- Other income (expense), net 1,403 684 Provision (credit) for income taxes 627 (3,168) Minority interests -- 224 NET INCOME (LOSS) $ (909) $(30,221) NET INCOME (LOSS) PER SHARE - BASIC $ (0.03) $ (1.15) NET INCOME (LOSS) PER SHARE - DILUTED $ (0.03) $ (1.15) SHARES USED IN PER - SHARE CALCULATION - BASIC 26,650 26,387 SHARES USED IN PER - SHARE CALCULATION - DILUTED 26,650 26,387 REUTERS * end of story *