David,
You are a well respected investor, putting a lot of effort to research the fact, although to me, you might be sometime too optimistic on FIBR's future.
But when you say :
>>Now that the 3 key products are finally shipping and being accepted >>very well in the market, I felt now was the best time to do it.
Any figure to support it, or just sometime you heard from Par. The stories (no proof, as I mentioned before, they were from a gentleman who claimed himself a previous employee of Osicom) is :
1. There were a few units (4-8) sold to European banks, no sales (yet) in US.
2. Net+Arm needs 6 months to design in a product, from the current situation, it can realize significant sales to replace FIBR's sales of the old items (they are shrinking) soonest end 98. So David, you should project a lower sales (such as $26m in next Q) to make it safe.
3. IQX can be another Nethopper, we can keep on arguing its advantages of feature, but the fact is that the institution who needs to buy this product does not want to place PO. This product has been promoted for more than 9 months, not much luck. David, you can verify from Par, did they reallocate the sales force from IQX to Gigamux recently?
I wish the above clue can be useful for David to dig into the detail, but no one should rely on it to make a decision on your investment of this stock.
CH |
