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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Sert who wrote (26800)	2/2/1998 9:45:00 PM
From: STK1	Respond to of 41046

Whether its 5 TODAY and 3 tomorrow and 7 on friday ps/pb ratios can only snap shot.There only good for one day if the company is 1 either developing,spending and selling.Or 2 loosing money hands over.For instance when fnet ipo's lets say the ask is advertised day before at 10 that morning it goes to 15 but before all 30,000,000 shares get placed the secondary market has it up to 23.Ftels price to book having realized an unrealized asset prior is suddenly looking at a pb of -9. Wam FTEL bid 43 ask 44.This Happened to a company I owned.IT split 3 times in 3 weeks.Fnets assets are of course yet to be fully realized in monetary terms.In terms of relativity it has as good a chance of any of the major itsp isp groups with a much brighter startup picture them they ever had.ITs sort of like trying to age or depreciate software.Ever get into that.ITS ether ware you look.

To: Sert who wrote (26800)	2/2/1998 9:49:00 PM
From: David McCleary	Read Replies (4) \| Respond to of 41046

Sert, I totally agree that P/RD is an important ratio for start-up tech companies, and think that is part of the reason we've come so far with the stock price. However, keep in mind Nasdaq ain't the BB. We're moving from little league to the pros and the pros want to see value. Nasdaq won't care how much time we spend practicing in the batting cages with our R&D, it's the value we add to the team while standing at the plate that counts, and that is judged by P/B and P/S. Dave