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Technology Stocks : Osicom(FIBR)
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To: David Wise who wrote (8288)9/18/1998 5:08:00 AM
From: craig crawford  Read Replies (1) of 10479
 
The Company is assisting its wholly owned subsidiary NETsilicon, Inc. ("NSI",
formally Digital Products, Inc.) to complete an offering of NSI's common stock
through a distribution of common stock purchase rights to holders of the
Company's outstanding securities. After this offering, it is anticipated that
the Company will own approximately 53% of the outstanding commons stock of NSI.
The estimated minimum net proceeds of this offering of $12.8 million will be
used to repay approximately $3.8 million owed to the Company and NSI's $2.5
million outstanding under its short term line of credit. The remaining funds
will be used for NSI's product development, marketing, capital expenditures,
working capital and general corporate purposes.
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So much for your $235 million rights offering tbone---if it even goes off....heh heh heh!

Wrong again tbone steak brain! #reply-5357062 Your analysis is so brilliant that you should go join Pawlak and work for Osicom. Hmmm...if Osicom operations cease to exist in the future where does that leave David? Can you say...l-a-y-o-f-f-s? Mr. Pawlak did such a great job with his projections for this company (loved those revenue growth estimates Mr. P) that I'm sure Par will take him under his wing and find somewhere useful for him.
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