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

To: glen who wrote (3529)	12/12/1997 6:01:00 PM
From: BJ	Read Replies (4) \| Respond to of 10479

I went to the shareholders meeting today. Only 6.4 million shares voted which is less than a quorum so another meeting will be held 12/22 at the company head quarters. They went on with a presentation and Q and A session. Here is a brief overview. John Gorman ran the presentation with Par jumping in to add complimentary information as necessary. Humbert Powell was present, as was Barry Witz, Sharon, Christopher Sue, and Xin Cheng. Product highlights focused on Gigamux, IQX-200 and Net Arm. Market size for these products by the year 2000 are 3 Billion, 9 Billion and 3 Billion respectively (Osicom estimate). ABCN launch is in 4/98. IQX-200 sales will follow as their customer base develops. ABCN investment 1.45 a share for 2%. Oscicom has an option on another 2%. This option is good for another year (their estimate). ABCN just raised more money and the share price was $1.45 per share. ABCN has approval to launch 3 satellites and are applying for licenses for 2 more. Par's selling was margin related...old news. The company doesn't publicly makes estimates on earnings or other financial data but the 85% of the backorder will ship this quarter. The factory in China is running at 65% utilization. May need more capacity with the ABCN deal. They own the property next to the China factory which will allow for growth. Gigamux, IQX-200 and Net Arm will have great margins. Up to 70% which will allow room for price moves.