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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

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To: Pete M. who wrote (132)7/1/1997 2:39:00 PM
From: Rick Smith   of 802
 
Earnings aren't great (but they were positive, as I thought) but revenue has improved.
Stock is trading well considering the way Maddsen reported earnings. It would seem that he needs a new investor relations person to help him put, the positive spin on this story that it warrants. In the release he comments on the sales team that was built up during the last quarter and the expenses that went along with setting up the new shops. He also mentions that the Alcatel contract is finally starting to pay off. It's what he doesn't say that makes me question his ability to communicate to his stockholders. I guess we'll have to wait to see the quarterly and annual figures in the filing. In the mean time, I still hold out hope that there is actually news pending that will get us moving in the right direction for good. I am staying long this position and once again reiterate my belief that the sales team will be the thing that sets this company on fire over the next few months.
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