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

To: Ray Burke who wrote (27948)	2/12/1998 6:01:00 PM
From: David McCleary	Read Replies (2) \| Respond to of 41046

Well, we're at $4, a little ahead of schedule according to what TA would have expected. Didn't think we'd see this for another couple weeks, but hey, at least TA gets us generally in the right direction. What has just thrown a kink in TA at this point are the disapointing financials reported last week. Revenues down 40%, profit margins down, earnings down. Thought for sure these numbers would be up by now, I've been waiting 4 years! Expectations of earnings can drive a price up, as it's been doing these past few years driving it from $0.25 to what we are at today, not a bad return based on expectations, but eventually the company has to meet these expectations to keep the price growing. After 4 years and still seeing revenues and profits fall I am getting just a wee bit concerned about the current stock price's ability to sustain these levels. Every quarter I hear "this quarter won't be much, but just wait till next quarter!" and every quarter there are a multitude of reasons to believe it's true, but for some reason FTEL isn't able to turn apparently good news and contracts into earnings. What happened to the Bay Networks order or the many other apparent revenue generating orders over the past couple years? At a loss when it comes to explaining their financial performance. Dave