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

To: Bruce Hoyt who wrote (2776)	7/5/2000 9:33:24 AM
From: George Papadopoulos	Read Replies (1) \| Respond to of 2891

It appears Frank got the message from the proxy votes...It has been obvious to all parties (except him) that he is not the best person to lead FCM into the new millenium and will likely not fuilfill its potential with him at the helm. I respect him for putting aside his ego and deciding to step aside. Now let's find a capable leader who will lead this company to the promised land and all of us sorry longs back to good terms with our wives<g> Franklin Telecommunications Corp. Retains Korn/Ferry in Search for CEO Successor WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--July 5, 2000--Franklin Telecommunications Corp. (Amex:FCM - news), a maker of high-speed VoIP communications equipment and a provider of VoIP global networking services, today announced it has retained the services of Korn/Ferry International (NYSE:KFY - news), the global leader in senior-level executive recruitment, in its search for a chief executive officer to succeed Frank W. Peters. Upon arrival of his successor, Peters will step aside as CEO and remain chairman of the board. ``The engagement of Korn/Ferry is a major step in our strategy to quickly and effectively lead our Company from its current position as an entrepreneurial firm respected for its technological capability into becoming a significant, commercially-successful business,'' Peters commented. ``The new CEO's responsibilities will include providing professional management and establishing those strategic partnerships necessary to bring Franklin to its full growth potential.'' Franklin Telecommunications Corporation is a maker of high-speed VoIP networking equipment that enables high-quality transmissions of data, voice, faxes, and email over the Internet. Franklin's subsidiary, FNet, provides global telco and IP network services, including complete networking solutions. Certain statements in this press release constitute ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements.