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Technology Stocks : Osicom(FIBR)

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To: Wally Mastroly who wrote (9669)	5/10/1999 9:32:00 AM
From: David Wise	Read Replies (1) of 10479

Sounds like they'll be reporting the sale of the wireless division soon. "The company also announced that it will be reporting its wireless products business unit separately as a discontinued operation." "...the business will be divested." Maybe they're about to close the deal. This should make discussion of the lost contract irrelevant to all but the die-hard shorts. Obviously, there were no deliveries of caller ID boxes this quarter. They received a late order for these that I would expect to see in next quarter's revenue. They say the short term loan was necessary due to increased order levels. I think we suspected this. NSIL IPO is apparently still on, as they mentioned the S-1 filing. I won't expect to see it until the stock price picks up, but any good announcements (like a good price for Hong Kong facilities) could make that happen. David

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