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Technology Stocks : Osicom(FIBR)
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To: Afaq Sarwar who wrote (3806)12/30/1997 12:56:00 PM
From: David Pawlak  Read Replies (1) of 10479
 
The only reasons I can think of for the short increase are:
1) Shorts thought that tax loss selling pressures would move the stock lower than the 3 3/8 level it traded up to after the repurchase agreement was announced.
2) There may have been prior knowledge about the little blurb that appeared in the Business week article just before short interest was recalculated. If shorts thought it would again damage the stock, why not short it and buy it back cheaper?

Overall, the total shares short makes up just over 5% of the stock, which in my opinion, is not all that big of a deal.

As far as this quarter, I don't see how they could possibly report negative earinings. We should see a healthy increase in Gross Margins from Far East production as well as contributions from new, higher gross margin products
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