Gorman says ABCN will launch in April, company will supply ABCN as they start to offer services...NASA not important as to size of order, but where the revs will come from...Gorman believes growing pains over. Backlog has grown, 3 major new products in place for 4Q. Believes 4Q offers unique opportunity for a good quarter. ----Q3 Conference call notes, Dec 8 1997
exchange2000.com
Commenting on the backlog...85% of $27 MM is $23 MM for December and January....Then add on just a third of the past Q ($7.8 MM) and we'd hit revenues of $30.8 MM this Q...Sure, I'd expect it to be higher yet it looks like Q3 was the turning point....To think that they hit the same gross margins with much less revenue...gives us hope going forward about what those could be with larger volume!!!...Do we think $45 MM could really hit as hinted on the call by Q1 Q2???...Anticipating stock action tomorrow...Especially thinking about reaction to the new backlog number $7 MM more in just 1 month ----Conference call notes, Dec 8 1997
exchange2000.com
"Gorman clearly stated in the conference call the "Quarter is on target", and Osicom was going to ship 85% of the 27mil. backlog per customer request!!!" ----CC info, Dec 11 1997
exchange2000.com
"Gorman said that gross margins will improve in the 4th quarter over the 3rd." ----CC notes Dec 15 1997
exchange2000.com
Am I reading the following correctly for the WSJ article?
"Gladue projects Osicom will be profitable in the fiscal fourth quarter ending Jan. 31, although he anticipates a loss of 89 cents a share for the year [FIBR lost $1.08] due to the charges in the second quarter and a loss of 28 cents a share in the third quarter."
1st Qtr. $32.6 mil sales .08 per share
2nd Qtr. $32.6 mil sales -1.01 per share
3rd Qtr. $23.4 mil sales -.28 per share ----- Jan 8 1998
exchange2000.com
"Osicom
Just received a call from my broker with the following information;
Earnings due out the end of this month .10 to .11 cents per share. Company feels comfortable with these numbers." ----Jim Langdon, Jan 15 1998
exchange2000.com
"I too am a little worried about fourth quarter earnings. I would assume from what I've heard that revenues will be back between 32-36 million. I also think that the Gross Margin will be higher [they were actually down slightly!] because at least some of the new products with high margins have been shipped in this quarter" ----Grant Cain, Jan 19 1998
exchange2000.com
"ABCN... I guess you are smarter than Loral, who recently bought a larger equity stake in ABCN" ----David Pawlak, Jan 23 1998
exchange2000.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like Osicom alluded to in the conference call, there is always next year for the satellite launch. Gross margins actually declined a 1/2% but Osicom once again told us they expect them to rise next quarter.
|
