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interesting report from raging bull
<< NOTE CONFIRMATION OF MEDIA ONE
Marian Bass Securities Corporation
Morning Report May 10, 1999, By: David Rogers
Discovery Equity Research Small Cap Emerging Growth
Osicom Technologies, Inc.: BUY UNDER $10 for speculative risk, trading profit potential. The recent activity in FIBR is shares is reminiscent of a tug of war at a 4-H picnic. In this case, it's the longs vs. the shorts. In the middle is a big mud puddle, and one party or the other is bound to get mud in their respective eyes (or wallets). We visited Osicom's GigaMux division (metro area DWDM technology) in San Diego in late March. They have achieved significant increases in fiber optic bandwidth (2.5 gigabytes per second to 80 gigabytes per second). This product is a major growth focus, and is the metro DWDM market leader with 10 customers, including high profile names like Media One and Texas Utilities. The recent Bloomberg article was wrongheaded. Let's don't let misinformation in the media get us offtrack in recognizing the real growth story -- and value -- here. Northern telecom (NYSE: NT) recently acquired a GigaMux competitor, privately-held Cambrian Technology Systems, for about $300 million and Cambrian doesn't have any product yet, or other sales. A similar valuation of the GigaMux division would be worth approximately $34 per share to FIBR. That, among other things, is reason to speculate here.>> |
