To: Stuart C Hall who wrote (1739 ) 1/22/2000 4:05:00 PM From: Joe Wagner Respond to of 4808
Stuart, I have owned Osicom for several years, and recently doubled my position at 5, after the fall from 28. Currently it is around 43. Poor Osicom for whatever reason, was moved on by heavy handed manipulators that were like parasites preying on this company. It scared a lot of people away with all of the wierd rumors about connections of the President to the mob that were planted in papers like Barons, all refuted by the way, -talk about heavy handed short manipulation, and the price had been way undervalued. With the successful launch of the NetSilicon IPO last Sept.( a spin off of Osicom) and the sales starting to commence on its Gigamux, Metro DWDM product, it is starting to rise from the ashes and is beginning to resurrect its damaged image. NSIL is currently trading in the 20's. In Sept.2000 Osicom will issue this stock directly to the shareholders,in approximately 2/3 share ratio. Spinning off the Gigamux is the next big thing for Osicom. The new spin off will be called Sorrento Networks, for the valley it is located in, in Northern San Diego. Sorrento Networks Metro DWDM Gigamux has some very innovative features such as EPC, which allows splitting off smaller data streams from the fiber very effectively and they are recruiting a very high profile CEO with a super clean image and industry connections, from what I understand. This and a Board of Directors that is independent will finally eliminate reservations about the ability of this company to execute. It has been such a wild ride with this company never knowing what to expect next, but I have always held on because of the Gigamux product and the huge potential that it has. I don't know what is going to happen, but I think if they successfully spin off Sorrento Networks, that the stock could see $200 per share. Good luck! Regards, Joe