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

To: Bruce L who wrote (12957)	4/27/1999 12:27:00 AM
From: Regis McConnell	Read Replies (1) \| Respond to of 42804

Bruce, I believe the reference to the Chatsworth project was more inline w/EXTR's products, not Junipers, & targeted at the Enterprise, not the carrier/CLEC markets. As for EdgeBlaster, the VPN segment has a ways to go & Noam did state that several additional features would be on display during the upcoming trade shows. Not many of us are doing voice over IP yet, & we are early in a market that it trying to find its form. Fortunately, the products from NAC, Charlottes, HyperChannel, & the OSR 8000, 'SilverShadow' CWDM, & Wireless FiberDriver, when delivered, should provide for immediate results. Not predicting an 'explosion', but anybody with a few bucks to invest & a horizon of a couple of qtrs. should be adequately rewarded. What do you think the impact to the bottom line will be when we are selling $300,000 OSRs & $500,000+ MetroFusions? I too have been frustrated by the stocks lack of performance, yet I think we all can see how this could turn out to be a substantial investment opportunity. Regis

To: Bruce L who wrote (12957)	4/27/1999 12:28:00 AM
From: signist	Read Replies (1) \| Respond to of 42804

I recall that during the conference call, Glazer said that margins should remain flat. No one expressed or implied explosive growth within the next quarter and if I heard correctly, q4 should begin to show real results to begin. This, alone will have the 3 month institutional managers, that have to answer for every quarter enough to bail until MRV shows them the money. Potential for any other company that hasn't burned every type of investor in the market and in the financial community would probably make a big move up, soon. Remembering that management has not come close to marketing this company correctly, IMO, the market will have to be dragged, kicking and screaming to buy in, now unless a significant alliance or a really, really meaningful contract would be announced. Why should the institutional investor buy in now? I will admit that MRV has a ton of potential and very exciting products but again we are not talking about a new company that still has it's virginity...I meant to say, credibility not tarnished. When the numbers really start to roll in, then we should see impressive up moves of the stock price. From just one, not so unbridled enthusiastic shareholder for the short term. Long term, odds look great to me we will finally receive the financial rewards we sorely deserve. Much, much luck to everyone, John If MRV was an internet stock..."Holy Cow"

To: Bruce L who wrote (12957)	4/27/1999 12:49:00 AM
From: Sector Investor	Respond to of 42804

<<I hope you guys are right and we just explode upwards tomorrow. But I'll believe it when I see it.>> Bruce, who said that??? Hey, just because we are excited, doesn't mean the stock is likely to move up (and stay up) any time soon. In fact, IMO there is a good probability that we end the week DOWN - after a spike up, and have another quarter of doldrums. I've got my fingers crossed, because I really want to buy again, but lower (sorry John) Why? Because the street is only looking 1-2 quarters ahead - and they are looking primarily only at financials - it's all they understand (except for Andy). Look at what they probably "see" - to the exclusion of anything else. - even though GMs rose 4 percentage points, Edmund said that while they see opportunities for further GM growth, it is "not likely" for Q2. No GM visibility further out provided. - DSOs went to 74 from 67 - Visibility for only "mild" revenue growth the next 2 quarters. This was couched in the words "conservative" and "possibility we may be surprised by one of our new product intros", but the ANALysts won't hear that. - Visibility on percentage of revs from new products the last 12 months was stated as "about 15%", compared to 30% a year ago, and a "considerable" (but unspecified) "ramp up" in the next 12 months. - Inventory higher than Q4 (but only $500K) - Margin pressure is still present on Lightwave components. - ANALysts (et tu Andy?) still harping on their "vertical integration" as a libability, even though it CLEARLY is not - and Noam clearly said it was just the opposite. Just look at the new products coming out. - Capital Expenditures for the new Foundry are $1.5 million in each of the next 2 quarters - no repurchase of notes or stock planned (but pre-authorized if they want to). They have a continued emphasis on "reining in costs" - Edgeblaster selling below expectations (even though they talked about "ongoing improvement" and an exciting demo at N+I. - they have "not defined" their IPO strategy for NAC, HyperChannel and Charlotte's web yet. Of course not - they don't own majorities yet, DUH! and the biggie: - from Edmund: "R&D will need to increase both as a percentage of revenue and in total dollars in the next 2 quarters. Of course this is so, because they did NOT exercise the New Access Options yet (but they said they will - there goes $2,050,000). They also said they "similar" arrangements for Charlotte's Web and HyperChannel (there goes more $$)