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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: Brett S. who wrote (2661)4/9/2000 1:58:00 PM
From: Bruce Hoyt  Read Replies (1) of 2891
 
Hi Brett (<-Real name :-), always glad to hear from you. But don't worry, my confidence has never been higher. Could I be wrong? Of course, that's why I never put all my eggs in one basket and strongly recommend nobody put more than 10-20% of your trading capital in any one stock.

If I hadn't made that trip to WLV and talked to Steve Lee last month, I might feel the same way you and many others do right now and be grabbing the chance to sell my FCM at whatever I could get and my FNet PP at the going rate of $3-5 a share. But I saw a commitment to focus on specific company strategies that MADE SENSE and that were realistically within their capability.

I also saw that it wasn't a one man show in this latest reincarnation like last year with Magruder or Buswell. Its a team effort with Lee/Muzak/Ericson/Padilla working closely together and Helen, Frank, Chuck, Tom, Sean and all the other oldtimers providing the support.

IMO this is positively the worst time in history to give up on this company. The proof will be in the results over the next 6 months. Yes, this quarter just finished will probably not excite anyone but IMO we will be happy with the next quarter.

Bruce
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