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Non-Tech : InvestRight Club Challenge
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To: Jeffrey L. Henken who wrote (1420)4/14/1999 7:35:00 PM
From: mark garner  Read Replies (2) of 2662
 
an update on FCM - Franklin Telecom.

FCM has been pretty much in the doldrums,
stockwise, since becoming AMEX listed.
BUT, there business continues to grow.
i am not sure if you caught it, but the
company released revenues for the march
quarter of 4.1 million dollars. this
represents a better than 200% increase
from the previous quarter of 1.2 million.

this company is fairly well know here on
Silicon Investor. i would have to say that
a group of bashers and disgruntled short-term
shareholders have contributed to what i view
as a negative bias. although the FCM board
on SI is relatively quiet, there is still a
lot of discussion of the company on the Raging
Bull, which has been negative as of late
particularly due to a few bashers.

my point is that after the AMEX listing there
was a lot of excitement. this excitement was
quickly muted by the bashers of the company that
have been around forever. this is important in
that it seems to trade based upon the sentiment
of these bulletin boards.

well, i believe all of these bashers are being
proven wrong. the company already has a backlog
of 2.6 million for the current quarter and it
looks like it will even be better than the last.

VOIP (Voice Over Internet Protocol) companies are
getting SOME exposure with the likes of IDTC signing
some impressive agreements and getting press.

AT SOME POINT, i believe that the VOIP companies will
again catch fire as true internet players. in the
meantime, with FCM, we have a fledgling company that
is growing at a phenominal rate. i still believe
that this company will be a huge winner of the index.
as i said before, be PATIENT and NOW is the time to
add to your postion. there will be some explosive
movements in this stock as the company continues to
grow.
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