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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10023)	9/15/1999 12:38:00 PM
From: dirt_ferret	Read Replies (2) \| Respond to of 10479

arb potential some quick math: 8 million shares X $13/share = $104 million in nsil holdings. 2 million shares X $7/share = $14 million cash add to this the $3 million owed net to the parent by nsil, and fibr now has $17 million cash +$104 million nsil stock. that's $121 million in value vs current osicom valuation of under $100 million. so: the optical division and potential sales of the access division and uniprecision are valued at nothing. make your own judgement as to whether that is the case, but this looks like a chance to make some money to this hungry rodent. assume 1 times revs for access biz. $24 million. assume book for uniprecision. $14 million. now we're at $169 million. ( over $18/share ) now value the optical division. given that cambrian was bout by nortel 2 years ago for $500 million and turned out to have a vaporware product that is only now making its way out of the lab (maybe). and don't forget what was just paid for monterey and (gasp) cerent. with it's back off the financing wall, this co is much better off than it was yesterday. with any luck, we'll finally get to see this horse run. best- DF