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To: Q. who wrote (24)	9/26/1999 7:46:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 57

#reply-8719734 the USAT contract is questioned earlier on the FCM thread. In typical hype fashion, it is replied that "USAT is a good paying customer". For FCM pressreleases also see: ftel.com This is the USAT release, a bigger chunk of "booked revenue": ftel.com From the 10-K (June 1999): "The overall increase is due to sales of newly introduced DVG products. One customer constituted 76% of total sales for the year ended June 30, 1999." Who?? Whoever it is, it is a somewhat unhealthy concentration. Reading the press releases mentioned above sequentially does not unveil any other bigger client than USAT ($3.75MM),making up for all of the 1st Q revenue growth, and 40% of the total revenue growth in FY99.

To: Q. who wrote (24)	11/17/1999 3:40:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 57

FCM, interesting: Monday November 15, 9:32 pm Eastern Time Company Press Release Franklin Telecom Reports First-Quarter Results WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 15, 1999-- Franklin Telecom (AMEX:FCM - news) today announced the results for the quarter ended Sept. 30, 1999. Net sales decreased by $158,000, or 17 percent, from $933,000 in the three months ended Sept. 30, 1998, to $775,000 in the three months ended Sept. 30, 1999. This quarter had a loss of $3,035,000, as compared with a loss of $1,165,000 for the same quarter last year. Almost half of the loss this quarter was attributable to a one-time bad-debt reserve for a single customer. The loss per share was 12 cents for the quarter ended Sept. 30, 1999, as compared with a loss per share of 6 cents for the same quarter last year. Single customer, not paying its bills? USAT?