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

To: rascalbythesea who wrote (13654)	5/21/1999 11:34:00 PM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

<<They surprised on the upside and the stock flew. >> Boy am I familiar with this. In 1997 ASND was a trader's dream. (1998 too, but for different reasons). Upside surprise - the stock soars. Tight quarter - the stock falls back Up and down, up and down. Huge volatility. Then they had a supply problem with 56K modem chips - and an overheating problem too. The street found out before the thread did (weeks before). The stock reached $59 1/2, then turned on a dime and plunged to the high $30s (great buy right? - wrong, they warned because customers delayed shipments until the problems got fixed ). The stock continued down to $22+ in November, 1997. "Management sucks". "The products are no good". "CSCO is eating their lunch". "We need a new CFO". "No visibility". "Morrie lied to us". "They can't survive on their own". etc, etc. (sound familiar?) But in the meantime the problems were getting fixed. The supply problem got resolved. They added another fan in the box. Earlier they had purchased CSCC, with GREAT WAN ATM switch prospects about to move to BETA (sound familiar?). At the same time that the street saw NOTHING GOOD in ASND, I did, (and anybody bothering to REALLY look ahead and REALLY do their DD could see it too - sound familiar?) The WAN switches were in BETA during Q3 and Q4, 1997. In 1998 the wins started to come in. The easy money came from $22 to $40 - real easy. After that it was a bit harder - but the contracts continued coming in. I exited WAY too early, around $60. Then jumped back in 4-5 times since for 8-10 "quick" points. The street only looks as far as the end of their nose. They repeat the same old worn out cliche's over and over (no execution, no visibility, no good management, they cant survive on their own) - until, after several months of turnaround, they switch 180 degrees and jump on the bandwagon, taking the stock to heights that are difficult to support. About that time a bigger fish gets interested and decides it needs you after all. (sound familiar?) Boy it would be nice to see this again.