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Technology Stocks : ocom breakthrough technology

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To: Steve Patterson who wrote (517)	7/17/1998 2:40:00 PM
From: mod	Read Replies (1) of 994

<<So OCOM has to come up with at least $2.5 million in PROFITS (not sales) by October 6. >> You misread this part. Cash is cash, all they need are enough revenues, not profits, to redeem the convertibles. If they fix whatever the problems are, they should receive more then $5 million in revenues from previous shipments, more then enough to redeem the convertibles. If they redeem the convertibles, then you will get killed on your short, as it means they are delivering and getting paid for products. If that happens, OCOM will double or triple in short order. If they don't redeem, you'll probably do well. Why did management put in the October 6 redemption date? Obviously because they think they will get paid for the previously shipped systems by then. Will that happen? I have no idea, but based on some of the technical discussions, it certainly appears possible. Dennis

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