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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: David Flood who wrote (334)5/1/1999 11:54:00 AM
From: VALUESPEC  Read Replies (3) of 2891
 
David, apparently you weren't one who bought FCM on this past news from the company (neither was I): They announced the Intrine order and around that time the CEO sold a nice chunk of stock. In the meantime, the deal with Intrine fell apart, but I don't recall a timely news release on that subject. Do you?

Also, why not talk about USAT? Do you think somebody knows something you don't? Aren't you concerned? What if the worst about USAT is confirmed? What does that say about FCM? So far, things don't look good. The stock has fallen to about $ 4 since the SEC investigation. It was around $ 50 !

Also, what about the 1-800 number fiasco? Why were they involved with that company? Weren't they accused by ATT of defrauding the company(not, FCM, they were accused of unjust enrichment). You can read about the resulting ATT lawsuit in last year's 10K.

These are not pleasant things to talk about, but I wonder why the USAT trouble, especially, is not being talked about.

Again, it would appear that FTEL is a decent trade at this time. I am not begrudging the stock. However, I do not believe things are as they appear to some. We'll just have to wait.

BTW, I have been taking a break from some work I've been doing. I don't plan to post here regularly.

May FCM prosper!

FCM: ~$3.00

VALUESPEC
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