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

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To: James Murray who wrote (225)9/30/1997 1:16:00 PM
From: Rick Smith   of 802
 
Hot off of Bloomberg: Insider Buying Report.
Madsen, Peter C, Chairman of the Board of Fastcomm Communications bought 60,000 shares at $5.00 - $5.29, bringing total holdings to 811,086 shares.
Michael,
This isn't 80,000 as you heard and confirmed with Madsen, but maybe the other 20,000 shares were bought after this report was filed. Who really cares anyway!! 60,000 shares is still a large comitment and a welcome sign.
Now we wait, to hear if he has any good news for us going into the Interop show next week. Their presence at the GTE booth is also good news and should help to increase the sales team's exposure. I am curious about the ongoing potential of FSCX to do business with Sprint since FSCX seems to be 'teaming ' with GTE. It doesn't seem to me that it is going to help that relationship at all. And Sprint seems to be positioning itself to be the leader in frame relay. Maybe if anybody's going to the Interop show they could drop by the Sprint booth and see if they're talking.
All in all great news for FSCX shareholders. Good Luck To All! Rick..
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