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

To: David Pawlak who wrote (5241)	2/4/1998 8:49:00 PM
From: Ploni	Read Replies (1) \| Respond to of 10479

The problem with a potential takeover is that a suitor would look at the stock selling for $5.50 and would want to buy it for around $8/share, and management wouldn't want to sell for anything less than $20 or so. Even if the suitor was willing to pay $20, it would catch flak from stockholders and analysts if they announced they were buying a stock for $20 that has been trading between $2 and $5.50 the last month. So if someone wants to buy the company, and is willing to pay $20, they almost have to wait until the price runs up more on good news, earnings, contracts, etc.

To: David Pawlak who wrote (5241)	2/4/1998 11:38:00 PM
From: David Wise	Respond to of 10479

David, re: stock rights plan, they always include the exception of an agreement through management/Board of Directors (in other words, as long as the offer is agreeable to management, the other provisions can be waived). It would certainly reduce the chance of any hostile takeover, though. Sharon, if you're checking this thread today, tell Par to consider a stock rights plan. For all I know, some of this heavy trading could have been some company accumulating a nice position. Of course they'll have to file a report to SEC if that's the case, so we'll know, soon. Insiders don't have 50% locked up, even counting Barry/Brite Lite, etc., as far as I can tell. Anyway, stock rights plans make nice announcements. Re: CSCO waiting until FIBR shows they have the market, I agree. And, yes, the price wouldn't be near 5 1/2 by that time. But don't forget that Brooks (BFPT) didn't have any better sales than Osicom when MCI/WorldCom offered more than a Billion. During April of 1997 you could have bought some for $16-$17. By the time the offer came, the price was around $43. The next day it was $60, and apparently they closed at end of January at $65 1/2. And I don't think they ever showed a profit. Anyway, I agree that what we need to look for is market acceptance of their products and everything else will take care of itself. If you have anymore contacts with Xin or Xim or whatever, ask about patent for Gigamux. I asked, but really didn't understand. What I thought he said was that the technology was so fast moving that they weren't even applying for patent. Obviously, Ciena could tell them that is does matter. I'm almost positive he said they had not applied for patent. Any knowledge in this area?