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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

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To: vic klimpl who wrote (33435)5/5/1998 4:07:00 PM
From: VALUESPEC  Read Replies (1) of 41046
 
Here are the facts:

<<Results of Operations

Three Months Ended March 31, 1998 Compared To Three Months Ended March 31, 1997

Net Sales. Net sales decreased by $153,000, or 32%, from $478,000 in the
three months ended March 31, 1997 to $325,000 in the three months ended March
31, 1998. The overall decrease is due to a reduced demand for wide area network
products. Initial demand for newly introduced hardware products has yet to be
established, in that most shipments to date have been to customers for testing
and evaluation purposes. Revenue will be recorded when the customer completes
testing and evaluating and agrees to purchase the product. The revenue mix for
the three months ended March 31, 1998 consisted of 49% Internet services revenue
and 51% hardware product sales.>>

VALUESPEC
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