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<SEC-DOCUMENT>0001193125-06-085733.txt : 20061106
<SEC-HEADER>0001193125-06-085733.hdr.sgml : 20061106
<ACCEPTANCE-DATETIME>20060421165457
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-06-085733
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20060421

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPTICAL CABLE CORP
		CENTRAL INDEX KEY:			0001000230
		STANDARD INDUSTRIAL CLASSIFICATION:	DRAWING AND INSULATING NONFERROUS WIRE [3357]
		IRS NUMBER:				541237042
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5290 CONCOURSE DR
		CITY:			ROANOKE
		STATE:			VA
		ZIP:			24019
		BUSINESS PHONE:		5402650690

	MAIL ADDRESS:	
		STREET 1:		5290 CONCOURSE DRIVE
		CITY:			ROANOKE
		STATE:			VA
		ZIP:			24019
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Correspondence Letter</TITLE>
</HEAD>
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<IMG SRC="g33156imag1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Brian M. Brown </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">(804) 343-5023
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">bbrown@woodsrogers.com </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;21, 2006
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><U>Via EDGAR, Overnight Mail and Facsimile </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">Ms.&nbsp;Nili Shah, Accounting Branch Chief </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Ms.&nbsp;Tracey McKoy, Staff Accountant
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">United States Securities and Exchange Commission </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1 Station
Place, N.E., Stop 7010 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Washington, D.C. 20549 </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>RE:</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Optical Cable Corporation</B> </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Form 10-K for the Fiscal Year Ended October&nbsp;31, 2005</B> </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Form 10-Q for the Fiscal Quarter Ended January&nbsp;31, 2006</B> </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>File No. 0-27022</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Dear
Ms.&nbsp;Shah and Ms.&nbsp;McKoy: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On behalf of our client Optical Cable Corporation, (&#147;Optical Cable&#148; or the
&#147;Company&#148;), we are providing responses to the Staff&#146;s letter of comments, dated April&nbsp;7, 2006 (the &#147;Staff Letter&#148;), with respect to Optical Cable&#146;s Form 10-K for the fiscal year ended October&nbsp;31, 2005 and Form
10-Q for the fiscal quarter ended January&nbsp;31, 2006. This letter has been submitted by facsimile and by EDGAR. A hard copy has been sent by overnight courier for delivery on April&nbsp;24, 2006. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Set forth below are Optical Cable&#146;s responses to the Staff Letter. The numbered paragraphs in this letter correspond to the numbers contained in the
Staff Letter. Capitalized terms that are not otherwise defined have the meanings given to them in the Form 10-K or Form 10-Q, unless the context indicates otherwise. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>SEC COMMENT: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>Form 10-K for the Fiscal Year Ended October&nbsp;31, 2005
</U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>Note Receivable, page 25 </U></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">We note your loan to a connector company (the &#147;Borrower&#148;), your warrants to purchase a 55% equity interest in the Borrower, your right to purchase all other outstanding
equity of the Borrower, and your sales of fiber optic cables to the Borrower. Given these factors, </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">823 East Main Street,
Suite 1200 / Richmond, Virginia 23219 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">804 343-5020 / Fax 804 343-5021 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Offices also in Blacksburg, Danville, Lynchburg and Roanoke, Virginia </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">

<IMG SRC="g33156imag1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;21, 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Page 2
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">please tell us whether you determined the Borrower to be a variable interest entity (VIE) pursuant to paragraph 5 of FIN 46(R), and the
basis for your conclusion. As part of your response, please tell us the capital structure of the Borrower and your evaluation as to whether the interests listed above represent variable interests. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If you determined that the Borrower is a VIE, but concluded consolidation was not appropriate, please tell us the factors that support
your conclusion consistent with paragraphs 14 and 15 of FIN 46(R). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Furthermore, please tell us what consideration you gave
to SFAS 133 in accounting for the warrants issued from the Borrower. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE COMPANY&#146;S RESPONSE: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Optical Cable considered paragraph 5 of FIN 46(R) and concluded that the Borrower is a VIE since the equity investment at risk is not sufficient to permit
the entity to finance its activities without additional subordinated financial support provided by any parties, including the equity holders of the Borrower. The equity investment made by the shareholders of the Borrower (&#147;equity investment at
risk&#148;) is not considered sufficient to permit the entity to finance its activities without additional financial support. For purposes of this analysis, Optical Cable considered &#147;additional subordinated financial support&#148; to include
both debt (including unsubordinated debt) and equity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The capital structure of the Borrower is such that 72.41% of the Borrower&#146;s
equity is owned by one founder of the Borrower and 27.59% is owned by a second founder of the Borrower. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Concluding the Borrower is a VIE,
Optical Cable performed an analysis to determine whether or not it would be necessary for the Company to consolidate the Borrower. FIN 46(R) paragraph 14 states in full that: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;An enterprise shall consolidate a variable interest entity if that enterprise has a variable interest that will absorb a majority of the
entity&#146;s expected losses, receive a majority of the entity&#146;s expected residual returns, or both. An enterprise shall consider the rights and obligations conveyed by its variable interests and the relationship of its variable interests with
variable interests held by other parties to determine whether its variable interests will absorb a majority of a variable interest entities expected losses, receive a majority of the entity&#146;s expected residual returns, or both. If one
enterprise will absorb a majority of a variable interest entity&#146;s expected losses and another enterprise will receive a majority of that entity&#146;s expected residual returns, the enterprise absorbing a majority of the losses shall
consolidate the variable interest entity.&#148; </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">

<IMG SRC="g33156imag1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;21, 2006 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Page 3
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Further, FIN 46(R) paragraph 15 states in part that: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;The enterprise that consolidates a variable interest entity is called the primary beneficiary of that entity.&#148; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Optical Cable is a fully secured, first priority lender to the Borrower, and in connection therewith, Optical Cable holds a warrant, that it may or may
not choose to exercise, that represents the equivalent to 55%</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> ownership of the Borrower. If the warrant is
exercised, the Company would be the beneficiary of the majority of the Borrower&#146;s expected residual returns. However, since Optical Cable has the option, but not the obligation, to acquire an equity interest in the Borrower, Optical Cable would
not necessarily absorb a majority of the Borrower&#146;s expected losses. Therefore, Optical Cable performed an analysis to determine who would absorb the majority of the Borrower&#146;s expected losses. The analysis supported the fact that the
founder of the Borrower owning 72.41% of the Borrower&#146;s equity would absorb the majority of the Borrower&#146;s expected losses and would therefore be the primary beneficiary, not Optical Cable. Optical Cable performed this analysis as of both
the last day of the Company&#146;s fiscal year, October&nbsp;31, 2005, and as of the date of the last advance to the Borrower by Optical Cable during the fiscal year (arguably the last &#147;redesign&#148; date prior to the Company&#146;s fiscal
year end) and in all instances the Company was not determined to be the primary beneficiary. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Therefore, consistent with FIN 46(R),
paragraph 14, Optical Cable concluded that it would properly not consolidate the Borrower. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Optical Cable determined that Statement of
Financial Accounting Standards No.&nbsp;133, <I>Accounting for Derivative Instruments and Hedging Activities</I>, was not applicable to either the warrant or subsequent purchase rights, as Optical Cable is under no obligation to exercise either the
warrant or subsequent purchase rights and there are no underlying or notional amounts which require a payment provision. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Although Optical
Cable believes, based on the current authoritative literature in effect as of the reporting date and based on consultations with its financial and legal advisors, the Borrower is a VIE, even if the Borrower were deemed not to be a VIE, Optical Cable
does not believe that the disclosure as included in its Form 10-K for the fiscal year ended October&nbsp;31, 2005 would be different. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Note
that the Company performed similar analyses in connection with the preparation of its Form 10-Q for the quarterly period ended January&nbsp;31, 2006, and reached the same conclusions. </FONT></P> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Effective January&nbsp;31, 2006, the Company&#146;s right to acquire ownership of the Borrower increased from 55% to 56%. This change was considered by the Company
in its analysis at the end of its first fiscal quarter on January&nbsp;31, 2006. </FONT></TD></TR></TABLE>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">

<IMG SRC="g33156imag1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;21, 2006 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Page 4 </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>SEC COMMENT: </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Form 10-Q for the Fiscal Quarter Ended January&nbsp;31, 2006 </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">General </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">We note from your Form 8-K filed on February&nbsp;22, 2006 that your senior vice president of marketing and sales was terminated effective February&nbsp;14, 2006. Pursuant to the
terms of the employment and separation agreement, you are required to make certain payments totaling $245,022. It is unclear from reading your filing whether you recognized the expense during the quarter. Please tell us the timing and amount of the
expense you recognized, as well as your consideration of paragraph 6 of SFAS 112 in accounting for these postemployment benefits. </FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>THE
COMPANY&#146;S RESPONSE: </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Under the subheading of &#147;Selling, General and Administrative Expenses&#148; in the
&#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; section of Optical Cable&#146;s Form 10-Q for the three months ended January&nbsp;31, 2006, Optical Cable indicated that &#147;during February
2006 we have made certain changes in our sales organization that will result in severance expenses which will negatively impact SG&amp;A expenses during the second quarter of 2006. The expected costs associated with these changes are approximately
$285,000 before tax effects.&#148; The expenses associated with the departure of Optical Cable&#146;s senior vice president of marketing and sales, totaling approximately $245,000, are included in the amount described in that discussion and will
properly be recognized as expense in the second quarter of 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Paragraph 6 of SFAS 112 indicates that accrual of a liability for
employees&#146; compensation for future absences should be accrued if all of certain stated conditions are met, including a requirement that payment of the compensation is probable. As of January&nbsp;31, 2006, payment of the compensation associated
with Optical Cable&#146;s former senior vice president of marketing and sales was not considered probable. The liability was not incurred until February&nbsp;3, 2006 when a meeting occurred between the CEO of the Company and the former senior vice
president of marketing and sales. At that meeting, the CEO terminated the former senior vice president&#146;s employment. The CEO and the former senior vice president agreed on an effective date of the termination to provide for a transition period.
The effective date of the senior vice president&#146;s departure from the Company, as indicated in the Form 8-K filed by the Company on February&nbsp;22, 2006, was February&nbsp;14, 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">*** </FONT></P>

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<IMG SRC="g33156imag1.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">April&nbsp;21, 2006 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Page 5 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman"
SIZE="2">Furthermore, Optical Cable acknowledges the following: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Optical Cable is responsible for the adequacy and accuracy of the disclosure in its filings; </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Optical Cable may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">We appreciate your assistance in review of Optical Cable&#146;s periodic filings. Please contact me at (804)&nbsp;343-5023
if you have any questions or require any additional information. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Brian Michael Brown</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">WOODS ROGERS PLC</FONT></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">cc:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Neil D. Wilkin, Jr., Chairman, President&nbsp;&amp; CEO </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Tracy G. Smith, Vice President and Chief Financial Officer </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Nick Conte, Woods Rogers PLC </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">T. Douglas McQuade, KPMG LLP </FONT></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
