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Technology Stocks : Osicom(FIBR)

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To: Mama Bear who wrote (6020)3/19/1998 6:20:00 PM
From: Michael Young  Read Replies (1) of 10479
 
<<Why is it you have trouble accepting that I have changed my mind in the face of factual evidence? >>

Because it isn't consistent with the hype spun on this thread.

As I mentioned previously, I was long a very large chunk of this stock for a year and a half. Biggest investing mistake of my life. I even spoke with Par on the phone once. He seemed believable at the time. But subsequent events have made it clear to me that this company has no credible plan, other than to issue more stock.

Once again, I urge everybody to call FIBR and ask for a transcript or tape recording of the September 1996 conference call. Listen to the extreme bullishness. Then compare to what has actually happened since then. It will be a sobering experience.

The barrage of negative media is beside the point. All I ever cared about was financial results. The company gets a D- in that regard.

MIKE
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