Wow ! Thomas, great sleuthing. Raleigh certainly thought $ 12 million was likely in 1997, didn't he? His predictions seem about as good as Frank's from FTEL, IMO. They both seem to provide high expectations for sales, and yet reality ends up being disappointing, IMO.
Raliegh's denial in having made a concrete prediction:
Message 3259848
Raleigh prediction as pointed out by Thomas Sousa:
<< If Franklin just captures 1% of the market share in communications/Intenet, that $20 mill can be made, many times over.
I really look forward to getting the audit released, and then start with a clean slate going forward. Of course we have to make three slashes for Revco, Raytheon, and USRX. Just those three could be worth in excess of three million dollars, not a bad start for a quarter, projected out that would be $12 mill annual, so you can see it wouldn't take to many more customers to hit that $20 mill target.
No hype, just a realistic forecast for 1997.
RB>>
The link:
Message 439269
RB, in your 1997 estimate, you said capturing 1% of the market was very possible and that would equate into $ 20 mil in reves. Obviously FTEL was not even close to capturing 1% since they only had $ 1.7 mil in sales (and only about $ 250,000 each in the Sept 97 and Dec 97 quarters). If it WAS so obtainable, what happned?
Where did FTEL fail?
Raleigh's EPS guesstimate:
techstocks.com
What the President of FTEL said about 1997 growth on Jan 1997:
<< However, once again FNet is caught up in a whirlwind of
growth which far outstrips our forecasts . . . >>
Link to that message:
valuespec.com
VALUESPEC
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