FRANKLIN TELECOM (FCM) Message Board

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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: detroit denny who wrote (2527)	2/1/2000 10:12:00 PM
From: Bruce Hoyt	Read Replies (3) of 2891

DD, you said, "MORE THAN THE PARENT IS WORTH !" but I think I'd like to modify that to "More that the parent is selling for!". IMO FCM is worth at least a little more than 2 bucks now and by the time the MLM customer growth multiplies a few more times...and IF they announce a spin off FNet shares to FCM holders...then I expect FCM to be at $10+ by the anticipated May/June IPO timing and an initial FNet pricing at $10-12. And based on the reaction to ALL other similar IPOs I would expect the market opening price on FNet to be between $25-$50. Even if Franklin holds onto all of their FNet shares it is likely the FNet will be valued far higher than the parent but we are seeing the same thing in other VOIP companies as well. Keep in mind too that while external customer hardware sales likely suck, internal FNet installation of DVGs is another story and FCM will get their expenses paid from those revenues and after the offical split they can include them in their normal revenue figures. IMO the next 3 months will tell the story. If we can service the MLM customers and support their growth the sky is the limit, if we can't...it won't be pretty to watch. Bruce

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