Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: Robert Gordon who wrote (4699)	1/24/1998 12:51:00 PM
From: craig crawford	Read Replies (4) of 10479

<< We make our products in china so our costs go down. >> You and a couple of others have used the phrase "we". Are you affiliated with the company? If that's so, great!! I can get all of my questions answered then. I hate to say it but China is one of the few Asian countries that hasn't devalued their currency! You would have been much better off to have your plant in Singapore, Malaysia, Thailand, something like that. The cost savings from currency weakness would be greater, no? << The only problem is that our china assets should decrease this quarter by about half. Perhaps we will not be able to borrow as much and our balance sheet may reflect the differences next quarter. >> That's all I want to hear. Some honest depictions about how this company has many near-term issues. Once I can get Osicom followers to admit that up until this point finances and the near-term financial outlook are quite weak for this company we can move on to issues about how Osicom intends to fix these problems. Also, if it's going to be harder to borrow money, why not just do some more security placements? Thanks, for your courteous reply, it's refreshing.

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