How will sales be by Q ended March 31, 1998? They better be good. Why? See what Frank said. Can FTEL stand any more loss in credibility after the Intrine problems, ATT lawsuit problems, etc?
On February 9, 1998, Frank said the following:
<<We shipped two Tempest orders during the last week in January. While neither is in itself large enough to be noteworthy, one of them is the first delivery in what the buyer projects will become a high six-figure order within the next 60 days. We expect to see Tempest revenues begin a serious flow within the current quarter.>>
Link to that quote:
ftel.com
How many of the strong posters on this thread can't sell all of their interests in FTEL at this time, even if they wanted to? Would this give them an incentive to push this stock harder than might otherwise be expected?
On a technical basis, I gave a buy when FTEL was about $ 3.00. I doubt FTEL will fall much further than $ 2.50 even if it does go to under $ 3.00, so buying around $ 3.00 would seem to be less risky than most purchases done in recent times. The reason I give FTEL any value is because they do have the cash from all the private placements and they do have a story in a hot field (which some might use to their advantage). Also, their is that chance I will be wrong about FTEL.
In any case, we should have a pretty good idea if I am wrong by the end of this quarter, but more so by June 30, 1998.
Continuing disappointments could continue to keep this stock under pressure, as will as the sales of the financial instruments which may convert.
May we agree to disagree.
FTEL: $3.44b $ 3.47a
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