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

To: Brett S. who wrote (1289)	7/3/1999 5:56:00 PM
From: RinConRon	Read Replies (1) \| Respond to of 2891

Brett, <CLARENT 6.7 Mil in Sales last quarter 5.5 Mil in Losses.> FCM 4.27 Mil in Sales last quarter 382K in P-r-o-f-i-t-s. Clarent closed Friday $38.69 FCM closed Friday.....$2.56 "My Mama told me, you betta shop around." Ron

To: Brett S. who wrote (1289)	7/5/1999 12:30:00 PM
From: Gary R. Owens	Read Replies (1) \| Respond to of 2891

To: DD (0 ) From: OverUnder Thursday, Jun 24 1999 1:15PM ET Reply # of 17 Clarent's IPO appears imminent: [From the Schwab site] Company: Clarent Corporation Business Description: Clarent Corporation is a provider of Internet protocol or IP telephony systems. IP telephony systems permit the simultaneous transmission of voice, fax and data over the Internet and similar communications networks. Offering Type: IPO Offering Size: 4,000,000 shares of common stock; all by the Company; Use of Proceeds: The Company expects to use the net proceeds for working capital and general corporate purposes; including increased research and development, sales and marketing, and general and administrative expenditures. The Company may also use a portion of the proceeds for acquisitions of products and technologies or for strategic alliances. Price: $13.00 - $15.00 Expected Date: The offering is expected to take place on or about June 30th, 1999. Revenues of $14MM in CY 1998 and almost $7M in 1Q99 seem to be substantial and growing rapidly. I'm a bit concerned about the total shares outstanding [after the IPO, there will be 27 million shares outstanding NOT including another 10 million under options and their stock plans! Still, this could be a huge market. From the Prospectus: [Clarent] generates revenue from sales of our integrated hardware and software products and from maintenance and support of those products. Revenue derived from product sales, largely sales of our Clarent Gateway products measured in the number of ports, constituted 99% of net revenue in 1997, 94% of net revenue in 1998 and 91% of net revenue in the three months ended March 31, 1999. A port is the connection between the traditional telephone system and the IP telephony system. Each port handles a single call. Although service revenue does not currently constitute a material portion of our revenue, we believe service revenue will become an increasing portion of our revenue. Product revenue is generally recognized upon shipment. Service revenue includes revenue from implementation and integration services, system management services, warranty coverage and customer support. Revenue from implementation and system integration services is recognized as the services are performed, while revenue from system management services, warranty coverage and customer support is recognized ratably over the period of the contract. I think Clarent is going to be another successful "Infrastructure" IPO. Anyone out there have any direct experience with their products and services??? Message 10258052

To: Brett S. who wrote (1289)	7/6/1999 8:47:00 AM
From: Noneyet	Respond to of 2891

Brett, Perhaps this will help, below is a partial list of Clarent's customers. I do not have a current updated list of franklins customers, maybe you could you supply one for comparison & valuation purposes ? biz.yahoo.com We began commercial shipment of the Clarent System in March 1997. As of March 31, 1999, we had shipped the Clarent System to approximately 100 organizations in 45 countries worldwide. The Clarent System has been installed in some of the world's leading service provider networks, including AT&T Corporation, Chunghwa Telecom (Taiwan), Ji-Tong Communications (People's Republic of China), KDD (Japan), Korea Telecom, KPN Telecom Netherlands, Singapore Telecom, Star Telecom (United States) and Telia Telecom (Sweden).