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Technology Stocks : FRANKLIN TELECOM (FCM) -- Ignore unavailable to you. Want to Upgrade?

To: Noneyet who wrote (1072)	6/27/1999 10:07:00 AM
From: David Colvin	Read Replies (1) \| Respond to of 2891

If you are interested in why I asked about Sparrow again, it is because she is listed as an officer of franklin. That site that I referenced states, it was updated this month. Well obviously the site is WRONG!!!!.....so what?????? Since any FCM/FNet investor with half a brain that knows how to read and wasn't trapped in a recent time warp knows that Sparrow is no longer with FCM (hasn't been for quite some time now), my response (for the 100 th time now) is......who cares Mr. "chicken little"?????? Once again, real slooooooow now......What part of your "questions" (if any) will have a material adverse financial impact to current or future FCM/FNet revenues or net operating margins! Answer the question!!!!!!!

To: Noneyet who wrote (1072)	6/27/1999 11:05:00 AM
From: Bruce Hoyt	Respond to of 2891

doubting thomas/willy/runcle/vs, do they pay you overtime for this on weekends? Just curious. I know a couple of people who incessantly repeat themselves with little sense of reality and here in California they don't lock them up and use shock therapy anymore so they need jobs. Do you have a number they can call?

To: Noneyet who wrote (1072)	6/27/1999 12:04:00 PM
From: mark garner	Read Replies (1) \| Respond to of 2891

here are my answers to your post. i will prefix Seth's original comment your reply with Tom/Tony and finally my answer. since i have been having problems getting this message up, i took the liberty of eliminating some of your links and just answering the question TOM/TONY A few questions first, before I respond to your list of items ? Do you know if Sparrow Marcioni is still with franklin ? She is listed as the VP. of fcm. Additionally, this site lists the current employees as 20. A poster recently claimed 75 employees ? The information in the link below states it was updated 06/19/1999. The power of merging voice and data networks, and the resulting possibilities, are so tremendous, that they cannot be ignored. -William E. Hamlin, Chief Technology Officer, Franklin Telecom Has Kevin Kuykendall also left. He was Fnet's president on June 12, 1998. MY ANSWER the company has tried to contact the sources such as Yahoo to get them to update the number of employees several times to no avail. sparrow is gone, Kuykendall is gone, i believe Hamlin is still there. SETH Revenues have shown positive increase for 5 successive quarters culminating with this last Q. I quote Frank Peters "On April 30, 1999 we filed our 10Q for the March quarter. Sales for the quarter were $4,270,000. Net income was $382,000. Earnings per share were $.02" TOM/TONY I think it is safe to assume the bulk of revenues reported was from usat and jm best ? My opinion on those customers to follow. MY ANSWER the majority of the revenues have come from JM Best and USAT but the company is expanding its revenue base with the likes of Vodavi, Cybervoz, and other unnannouced customers SETH Fnet revenues have increased steadily even though they were poorly managed up until Peter Buswell took over TOM/TONY There was a major jump in revenues reported in the Q just passed. Will that continue, you seem to think so, however, I don't know, and will not speculate. MY ANSWER FNET revnues should continue to ramp up as customers are added to the FNET network (USAT and the unnamed customer from the "spanning the globe" pr and Bosnia etc) FNET recieves off net charges for these customers SETH On that same subject Bosnia network is currently earning $120,000 per month pro rate that system alone out its earnings are on a pace to achieve $1,440,000.00 per annum. Fact is that network minutes are still growing and so is the network. TOM/TONY FNet purchased the Bosnia equipment from Harris Telecommunications Systems for an undisclosed amount and will operate the network with Virginia-based Megaburst Inc., a company specializing in engineering development for technology companies throughout the US and Europe. The article above states the Bosnia network produces revenues in excess of $ 100,000 per month. I assume that figure is what you are basing your prediction on ? However, above, I highlighted a part of that same article that states, this network is being operated with Virginia-based Megaburst Inc. How are the revenues for this network distributed between these two firms ( franklin & Megaburst )???? MY ANSWER i am not sure what the exact distribution is with megaburst. but the biggest potential growth item in FNET revenues will occur as customers are added which will use FNET. see my above answer. SETH 1 year ago this month Peter Buswell becomes COO of FTEL. Look back and see why this is a positive fact. (No Brainer) He now runs FNET as well. I quote Frank Peters regarding Peter taking over FNET "In nine months, Peter Buswell has achieved phenomenal results in jump-starting sales and revenues for Franklin. I don't know of anyone more capable of creating the same success at FNet" TOM/TONY About 14 months ago today, James L.Magruder became CEO of fnet corp. A look back will show that this turned out to be a disaster. I quote from frank regarding James L. Magruder at that time. Franklin Telecom's President and CEO Frank Peters stated, "This is a momentous occasion for Franklin. Securing someone with Jim Magruder's talent, experience and associations within the Telecommunications industry means that FNet Corp. will have the leadership it needs as it becomes independent of the parent company. He has both the business savvy and the technical expertise to lead FNet forward in the emerging Internet Telephony marketplace." Mr. Magruder was served with injunctive relief papers recently, as we know. It is worthy of note here, that his response to the injunctive relief papers filed by franklin, is not in hand as yet. As far as I can tell Peter Buswell has two positions, one in fnet, one in franklin. For an analysis on that, refer to franklins filings with the SEC about management attempting to run the two corporations at the same time. I believe it was quoted in those filings as being a negative. Fnet as the subsidiary and franklin as the parent. MY ANSWER i think everyone was excited with the influx of new talent at the time. magruder just didnt produce. Buswell has and continues to produce as you can see from the ramp up from 500K to 4 million a qtr. I WAS ELATED TO SEE BUSWELL GET RID OF MAGRUDER AND TAKE OVER FNET! he has already restructured the FNET business plan and i am confident he will produce.

To: Noneyet who wrote (1072)	6/27/1999 12:08:00 PM
From: mark garner	Read Replies (1) \| Respond to of 2891

my answers for the rest of your ?s here are my answers to your post. i will prefix Seth's original comment your reply with Tom/Tony and finally my answer. SETH Increase of customer base and repeat buyers TOM/TONY You supplied no details on the company names as new and repeat customers, if that is usat and jm best, details to follow on them. MY ANSWER Cybervoz, Vodavi as well as USAT and JM Best. first off, do no underestimate what USAT and JM Best will continue to bring in new business to FCM. FCM does not announce every order. some of these unnannounced customers have the potential to be larger repeat buyers SETH FCM Tempest is the gateway of choice to the largest VOIP network in the world TOM/TONY I assume you are talking about usat, again I'll defer some of my thoughts until I respond to your other points regarding usat. However, below I referenced some articles of interest regarding this point. The first one is taken from Internet Telephoney July 1999, which is a fairly prestigious publication in this industry, as investors here should well know. I don't understand how franklin, or usat, was left out of this round table discussion. As you state; "FCM Tempest is the gateway of choice to the largest VOIP network in the world". Why was the largest VoIP network in the world not invited to speak at this roundtable ??? From Internet Telephoney Round table; tmcnet.com "We asked several industry-leading vendors for their views on the Internet Telephony industry. Their responses appear below." Click on VoIP Gateways for a formidable list of competitors; computertelephony.org Nortel weighs in; tmcnet.com The announcement went on to state that Nortel plans on being a major player in the Internet telephony market — regardless of delivery mechanism…wireless, wireline, or cable. MY ANSWER FCM and USAT are still relatively unkown in certain circles. however they are very well known by most in Internet Telephony, as can be determined by the coverage in IT publications and shows. i would guess that this author did not do very good research. SETH OEM agreements with vodavi will lead to another avenue to move product off shelf. First order was for 30 boxes. TOM/TONY Vodavi looks to be at a minimum, a company with a decent revenue and distribution stream. franklin should hang on tight to this company. I don't understand why the stock has such low volume. Perhaps someone knows this company and can explain why that is so. MY ANSWER we agree basically