Judith -
Thanks for DD report. Quite refreshing, considering the "discussions" we have seen lately on this thread.
Your post should serve as a good warning to potential investors. Helen gave you no concrete data, only 'maybes' and 'could be(s)'. While some espouse the possibility of high double digits ROI, there is to date no solid foundation for this estimation. This is clear from Helen's responses to your questions.
Aother observation. Many are focused on the sale of DVGs. The real meat of the 'future' FTEL is FNET. It has been noted numerous times on this thread that Frank is implementing an infrastructure of a new TELCO. In the long run, FTEL supplying hardware to FNET, which then value adds its software and services, is ultimately what will make this company successful (in my observation of the company's current direction - this could change, based on market conditions, mergers, acquisitions, failure to make the grade). This assumes several things: price/performance, reliability, service, extensibility, backward compatibility, and most critical at this juncture, TIME TO MARKET. FTEL, for whatever reason, has to date missed critical windows in the market place. Others on this thread have continually pointed out how other companies are gaining a foothold in the market place with less than quality products. OUCH!!!
Also consider the steps FTEL is taking to implement their plan. First, they are not openly revealing their game plan. This is bad short term for the stock, but 'could' prove exciting long term. WCOM colocation, initial FNET site selection, quality low-cost hardware, a ready consumer (FNET) of the hardware, a notable PR firm, etc.
One final thought. While other FTEL related companies are aligning themselves with large TELCOS, etc., I believe from what has transpired so far that FTEL is purposely not doing this. IMHO, FTEL is going for the gold in hoping to keep the lion's share of the company's success in-house; not giving it away to other companies for short term gains or to underwriters (FNET IPO) that could demand a large chunk for just 'being there'. If this is the case, FTEL must act swiftly and decisively, with a solution so compelling that the market is blown away and their competitors are instantly placed in 'catch up' mode.
Again, Judith, thaks for your focus and DD in calling the company. It is greatly appreciated.
Cheers,
George |
