SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Osicom(FIBR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rational who wrote (7812)8/3/1998 2:00:00 AM
From: Dennis G.  Read Replies (1) of 10479
 
I have had several talks with John Gorman and John Mason recently and I have found out a few things. First of all Chada didn't buy the stock from an unnamed third-party. He bought the stock from Osicom's credit line bank. They had acquired the stock because one of the companies that FIBR had acquired went belly-up. The bank is not in the business of holding stock and was going to sell on the open market. So Chada (and some others) bought it from them. Simple as that. He was not obligated to buy.

As far as the Net+Arm goes, it is a great new product. But like the Gigamux, the market for it is just getting started. And they are making good progress at selling that product. They have more business lined up for it than Echelon has for it's product. But it is hard to sell a new product for a new market, especially for a company without a strong marketing group. And I would rather that they didn't do the IPO. I don't think it's necessary and won't likely fly with FIBR at this market cap. I think they should just concentrate on making some sales and let the market price follow.

On a more positive note, I told John Gorman I was considering buying more FIBR at this level and asked him bluntly if he was going to buy any soon. He said yes. So I would look for insiders to continue to acquire more stock. I believe they all do truly believe in the eventual success of this company as a profitable telecom and network equipment provider.

Dennis
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News