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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.025-1.8%3:59 PM EST

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To: topwright who wrote (27382)2/8/1998 1:47:00 PM
From: VALUESPEC  Read Replies (3) of 41046
 
<<Charlotte, how right you are. The evaluation units are not logged as
sales but rather as inventory. Until such time as they are accepted and paid for. Last quarter is when just about all of them were shipped, thus creating more of a drag on the bottom line.

Hope that helps some to understand.

RB>>

What I believe RB is trying to say is that FTEL isn't selling much, yet. In fact, if you look at revenues, they are actually falling from last year.

If revenues don't come soon, will they need to make another offering, further diluting the stock? I bet they do in the future, but I'll make more detailed predictions regarding that after the June 30, 1998, results are known.

VALUESPEC
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