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Technology Stocks : FRANKLIN TELECOM (FCM)
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To: Jeffrey L. Henken who wrote (352)5/2/1999 10:32:00 AM
From: mark garner  Read Replies (2) of 2891
 
jeff:

in case you have started reading this board,
you may have seen people throwing around the
names of two companies: Intrine and USAT.

i'll give you a little background about these
two companies so you have a better idea of what
is being referred to.

Intrine was one of FCM first BIG announced contracts
for the Tempest DVG. Intrine's plan was to build
a network of DVGs for voice traffic. it was a 2
million dollar contract that was announced by FCM.
unfortunately, FCM announced the contract before
payment was received. the whole deal was contigent
on Intrine getting financing, which fell through.
it might be considered an error in judgement by FCM's
mgmt to release the news before payment was received
but i am sure they had no reason to believe a customer
would not be able to fulfill the terms of a contract.

secondly, regarding USAT, there was some questions as
to the validity of some publicly disemminated information
by USAT. a group of powerful short sellers who may
have connections within the SEC triggered an investigation
of USAT after a huge runup in USAT's stock. apparently
there were some questions about USAT mgmt's past history.
in the end, USAT was cleared to trade again and basically
got a slap on the wrist from the SEC. USAT now trades on
the pinksheets. this really has had NO BEARING on USAT's
business, because USAT continues to build a NATIONAL
network using FCM's equipment. USAT has PAID FOR all of
their equipment order and FCM has the cash in the bank.
this is fact. USAT continues to build their national
network. this is fact. USAT's network is coming online
soon. this is fact. USAT has recently recieved a letter
of intent for addtional financing. this is fact.
USAT is LIKELY to continue ordering FCM equipment to
expand their network. this is opinion.

so, the bottom line is that the bashers on this thread
throw the names of these two companies around to cause
doubt.

i anticipate this will be my last post on this thread
for awhile because it becomes tiresome battling individuals
who has a big agenda and lots of free time.

i will continue on the investright index as i have
previously in an attempt to keep you up to date.

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