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

To: Noneyet who wrote (2240)	10/1/1999 3:27:00 PM
From: David Colvin	Read Replies (1) \| Respond to of 2891

Isn't it easier this way ??? Yes, as long as we focus on two things: 1. Things/events that have and will affect FCM/FNet revenues (recent and potential). 2. FCM/FNet net earnings (recent and potential)....big revenues will likely yield big net earnings. In the end, these are the only things that matter to me and will dictate future FCM/FNet (after IPO) stock prices no matter what has happened in the past! Check the P/E of Yahoo! these days....all based on future perceived earnings. I don't care how FCM/FNet gets there (through financing or otherwise) as long as they eventually get there. I still remember all too well back in 1996 when Iomega did a secondary offering of 6,750,000 shares to institutions at $35 per share to finance future growth.....all arranged by J.P. Morgan, the lead underwriter, and another firm. On the day the deal closed, the "open market" shares closed at around $42. They did it that way to avoid selling into the market and fooling around with a bunch of small-time investors with the possibility of driving the market price down by selling that many shares into the market all at once. Of course, there were some indignant small-potatoes shareholders but who cared.....it was the right thing to do.