Mrv: Why Intel Is So Interested

As if out of the blue, Intel agreed on Nov. 27 to invest $4 million in tiny MRV Communications (MRVC), a maker of semiconductor laser diodes and fiber-optic transmitters. MRV, then at 171/2, jumped to 201/4 on the news Intel was buying 200,000 shares at 20 apiece. Intel's investment could balloon to $14 million if it exercises an option to buy a further 500,000 shares, also at 20.

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