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


To: frank 3 who wrote (5690)3/5/1998 10:43:00 PM
From: David Pawlak  Read Replies (1) | Respond to of 10479
 
Frank- You'll find your answer in the 10Q Management Discussion section. A large part of last q's G&A was expense was comprised of $1.0 million of expenses related to a settlement of a class action suit (related to a purchased company prior to Osicom's ownership.



To: frank 3 who wrote (5690)3/5/1998 11:00:00 PM
From: santhosh mohan  Respond to of 10479
 
<<they havnt done this before,why now.>>

I assume you are referring to the possible use of stock to compensate employees. If my memory serves me right, I think this was one of the reasons stated in the late 1997 shareholder proposal to increase the number of authorized shares.



To: frank 3 who wrote (5690)3/5/1998 11:00:00 PM
From: Grantcw  Read Replies (1) | Respond to of 10479
 
Frank 3,

I hope this question hasn't been answered already, but I'll give you my take on the drop in G&A expenses.

There are two reasons. The first is that the legal problems with BWAI are over. I'm pretty sure this cost was estimated to be close to 1 million dollars either estimated in an SEC filing or in a conference call. Sorry I don't have any writing offhand.

The other reason in my opinion is the lack of any mergers and acquisitions. FIBR has been out of control with these things and the G&A can pile up with trying to merge activities.

Are these reasons good enough?

Grant