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Technology Stocks : FRANKLIN TELECOM (FCM)
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To: mark garner who wrote (529)5/26/1999 4:58:00 PM
From: george willse   of 2891
 
Mark & All -

The up front payment for the initial installation is excellent news.

What was missing in the PR are:

1) Expected monthly minutes through Westlake (ongoing revenue)
2) Anticipated monthly revenues (ex. See some of DCTC's recent PRs)
3) Time line for completion of the deal
4) Mention for possibility of follow-on countries
5) Most importantly, what specific role FNET would play in this deal

Overall the PR is great news, however, to make the proper valuation much of the relevant data is missing.

Cheers,

George
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