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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?

To: scope who wrote (428)	12/16/1997 9:53:00 AM
From: Rick Smith	Read Replies (1) \| Respond to of 802

Revenue was as expected. Expenses worse but understandable. And a forward looking statement by Mr. Madsen. Nothing too big, mind you. But an uncharacteristicly optimistic statement. I think even he has seen enough and may now be willing to start releasing more positive news. The comment regarding, "initial orders placed by potentially large customers who are still at an early stage of a long sales process," portends of important developments that are in the near future. Very probably the current quarter. Maybe that's where their confidence is coming from. Who knows? As to the question regarding the last round of insider buying, from Robet Butkus, my only observation is that Madsen & Co. must have really expected the orders they mentioned from Asia that were negatively effected. If they had waited they could have bought twice as many shares. But hindsight is 20/20 as we are now all painfully aware. Going forward we will have to wait for news I believe. Announcements of orders are the only things that will help now. I doubt that any of us really care if the FRADS have any additional advancements. It looks like the advancements may be part of the reason for the inventory build up. (Along with the Asian orders that were probably being produced but ended up not being shipped) IMO were going to tread water until we hear from Alcatel, GTE, some of the Baby Bells (RBOC's), Sprint, or some of these re-sellers. I do think that Madsen has finally gotten the word, and is going to be more forthcoming with info going forward. The stock price will need to go back up for them to be able to sell FRADs since the price of the stock is going to be a reflection of the viability of the company. Good Luck to all. I'll post anything that I hear later today. Rick..