Rande Is . . . HOME Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BANCHEE who wrote (7314)	5/21/1999 3:27:00 PM
From: Seth L.	Read Replies (1) of 57584

Banchee I have been long this stock for a couple + years. I went to last years shareholder meeting and toured the facilities in WLV. Its so hard to post what I have learned over the years because so many have read what I and others have said and soaked up the excitement only to see the share price not move or move lower. Please try not to take the following as hype. FCM builds a gateway that is very cutting edge, has extreme clarity and is super flexible as well as upgradable on the fly. Their techies have proved their ability to stay with other players in the field if not lead the way. Revenues reported as you know have increased steady for 4 quarters making their first black quarter in the last one. All this with FNET not really adding much to the bottom line yet. They are developing a product line of saleable products that other OEMs are looking at very closely. On the negative side they are poor at best in PR. They have a lot of pissed off X shareholders that will not reenter until Joe Kernin himself says that they are ok.ggggg Management in the past, namely Frank Peters has exhibited very poor judgement in both contract announcements and future looking statements. In addition they had the convertibles that presured the shareprice all the way to .50 Despite themselves their product has started moving very well. Frank was smart enough to hire Buzz (Buswell)which has made a great difference. Look for FNET revs to increase now that Buzz is looking over that as well. IPO will happen but your guess as good as mine as to when. Look for european interest in a big way in IP and FCM could get a nice part of that. Rumors are that someone big is looking to scoop them up. I really do not believe that Frank wants to sell, but if they offer enuff I guess he will listen. My gut feeling is that they need to show at least 1-2 more black quarter before they are a true buy out candidate. Based on current sales and future considerations I think a fare assessment of this equity is $7-9.00. Why its 2.50 is beyond me. So with that in mind call the company and do your DD Good Luck Sethy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next