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Technology Stocks : Osicom(FIBR)
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To: Wally Mastroly who wrote (9417)3/31/1999 10:09:00 AM
From: David Wise  Read Replies (1) of 10479
 
Analizing the $6.5 million follow-on order (from US West) notice that delivery is for Qtr ending in July, thus none of this will help this quarter. There will be a $12 million gap in revenue for this quarter unless substantial additional revenue is obtained from other divisions. GigaMux will probably be $5 - $9 million, or increase of (I think) about $3 - $6.5 million.

But I'm glad that the release was up-front about this and even mentioned that last qtr. had $12 million revenue from this source. I remember Barron's charging that Osicom exaggerated contracts (their example was the $100 million Post Office order). But I never found that article deceptive at all. They named the Prime Contractor who received the order and said they were awarded a sub-contract under it. Probably should have estimated their share, though.

Ancient history, now!
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