The consolidation of MRV (MRVC) & Fiberxon is a healthy force for the industry but one made at the near term expense of shareholders (see MRV, Luminent, and Fiberxon). The rest of the optical component industry will see the benefits of consolidation, but MRV shareholders have lost nearly 30% of their investment since the merger was approved.
Like Vitesse, MRV is an ideal activist target. The problem may be that the company is de-listed, and enters the same domain as Vitesse, where no annual meetings are held and therefore no directors can be replaced by proxy.
Author owns no position in MRV, and an immaterial short position in Vitesse Semiconductor.
Update: It appears that there is a small but vitrolic contingent of people who are very upset with my opinions of MRV. I am open for honest and objective debate, but it would appear others are not.