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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: mark garner who wrote (317)4/29/1999 11:31:00 PM
From: VALUESPEC  Read Replies (2) of 2891
 
Mark you have a very bad recollection of things. I predicted it could go that low when most thought I was crazy. I said FCM was way overpriced when it was $ 6.00 and then it fell below .80! I warned many of the additional shares that could come on line (they did) and many laughed at me then.

When it was below $ 1.75 I said it was the private placment effect (shorting, etc.) that was driving it artificially low.

I said I did not believe in this company. Do you remember Intrine? How about the trouble USAT got into with the SEC? Is USAT a very big customer of FCM?

With that said, FCM seems to have turned things around. I am surprised and impressed. Congratulations on those who have ridden this wild coaster form $10 down to about $ .50 and now back to about $3.00. For many, another trippling could bring them back to almost break-even.

VALUESPEC
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