To: SoliRA who wrote (24786 ) 1/10/1998 3:37:00 PM From: jim bowman Respond to of 41046
Like any market of substance, FTEL will need to make all the right moves -- over the span of the next two years -- to prevail at the highest level. The stakes are high and a few bad moves can turn a great company from darling to dog -- especially in high tech. So far I haven't seen anything discouraging. The strong players for market share are the very factors that will overcome existing phone industry moves to adversely legislate the budding IP industry. The players that emerge to challenge FTEL will also bring validation and educate the public to IP which can benifit FTEL by by accelerating market development. As long as FTEL continues to seek alliances and/or mergers with an objective for a dominant long-term financial, technical and corporate presence, they have a reasonable chance to capture a nice piece of the market. If Frank hits the bulls eye, this is a three digit stock but even if this doesn't happen, we still have a $20-30 stock somewhere along the dusty trail. I think Frank is the key. For big-picture success, he will need to transition from the hands-on approach of a small company to deligating important tasks to carefully selected, capable managers. He would also be wise to freqently do "gut checks" about the evolving skill sets that are needed as the company presumably) goes from a $10M to $100M...$1B company; they can dramatically change at each step and augment or hinder company success. I'm hoping that Frank is the kind of executive who will MAINTAIN optimal people in key positions, even his own. With an extremely fast moving industry like IP, I hope FTEL solicits and weighs the perspectives of specialized observers of the IP sector and phone industry who aren't otherwise tied up in the day-to-day operation of the company. One piece of original information here can save or, better yet, make $$$millions. Sorry, I'm day dreaming and rambling. Jim