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

To: Grantcw who wrote (5791)	3/7/1998 10:03:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 10479

Gorman says ABCN will launch in April, company will supply ABCN as they start to offer services...NASA not important as to size of order, but where the revs will come from...Gorman believes growing pains over. Backlog has grown, 3 major new products in place for 4Q. Believes 4Q offers unique opportunity for a good quarter. ----Q3 Conference call notes, Dec 8 1997 exchange2000.com Commenting on the backlog...85% of $27 MM is $23 MM for December and January....Then add on just a third of the past Q ($7.8 MM) and we'd hit revenues of $30.8 MM this Q...Sure, I'd expect it to be higher yet it looks like Q3 was the turning point....To think that they hit the same gross margins with much less revenue...gives us hope going forward about what those could be with larger volume!!!...Do we think $45 MM could really hit as hinted on the call by Q1 Q2???...Anticipating stock action tomorrow...Especially thinking about reaction to the new backlog number $7 MM more in just 1 month ----Conference call notes, Dec 8 1997 exchange2000.com "Gorman clearly stated in the conference call the "Quarter is on target", and Osicom was going to ship 85% of the 27mil. backlog per customer request!!!" ----CC info, Dec 11 1997 exchange2000.com "Gorman said that gross margins will improve in the 4th quarter over the 3rd." ----CC notes Dec 15 1997 exchange2000.com Am I reading the following correctly for the WSJ article? "Gladue projects Osicom will be profitable in the fiscal fourth quarter ending Jan. 31, although he anticipates a loss of 89 cents a share for the year [FIBR lost $1.08] due to the charges in the second quarter and a loss of 28 cents a share in the third quarter." 1st Qtr. $32.6 mil sales .08 per share 2nd Qtr. $32.6 mil sales -1.01 per share 3rd Qtr. $23.4 mil sales -.28 per share ----- Jan 8 1998 exchange2000.com "Osicom Just received a call from my broker with the following information; Earnings due out the end of this month .10 to .11 cents per share. Company feels comfortable with these numbers." ----Jim Langdon, Jan 15 1998 exchange2000.com "I too am a little worried about fourth quarter earnings. I would assume from what I've heard that revenues will be back between 32-36 million. I also think that the Gross Margin will be higher [they were actually down slightly!] because at least some of the new products with high margins have been shipped in this quarter" ----Grant Cain, Jan 19 1998 exchange2000.com "ABCN... I guess you are smarter than Loral, who recently bought a larger equity stake in ABCN" ----David Pawlak, Jan 23 1998 exchange2000.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Like Osicom alluded to in the conference call, there is always next year for the satellite launch. Gross margins actually declined a 1/2% but Osicom once again told us they expect them to rise next quarter.

To: Grantcw who wrote (5791)	3/7/1998 12:28:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 10479

Grant: Thanks for your continued reasoned financial analyses... Jim

To: Grantcw who wrote (5791)	3/7/1998 1:25:00 PM
From: CH	Respond to of 10479

Grant, >>The dilution came from the floorless convertible holders converting >>their shares at low prices. I'm pretty sure that no more >>convertibles have been issued since January of 1997, although I may >>be wrong Thanks for your repeated explanation. If the management understand and care of the shareholders' concern of the dilution, which I do not see any reason they can assume otherwise after such significant increase of number of shares, they should give a detailed explanation and accountability to the shareholders. Tell us what happened, why it was happened? If the management made a very stupid term with third party so Osicom could acquire a company, say ABCN, with floorless convertible, they might show us they bought such a company with very favorable term and actually it was not, we shareholders end up lose big money. Also, the management have to show us they lost the same thing as we do, rather they have some other channel to get back the number of share to maintain their value. (They can maintain the same control percentage, but they need to show they use money to buy, rather than they are playing paperwork game). In a similar case, we felt so good about Par because he did not have a payroll, but how much we are really paying him in non-monetary term.....with such poor performance of the company, he should not get anything more than $30K, otherwise I do not know what is the point not fixing his salary, and how much we can pay him if he truly believe the Gigumux will fly). If they used any excuse not to put these thing clearly on table, they have no right to ask for our trust. How do we know Gigamux will work? Did we have to completely rely on the management words right now? We do not have any other source to confirm it. WCOM did announce that they will keep CIEN as their primary source of supply although the order is down, do we have the same thing from the OEM customers (to resume the business from normal level) or Brook's endorsement that Gigamux is on the approved list and this is a good list (our company would approve a source just as back up but the purchase ratio is 0.00000000000%). We heard Nethopper, IQX, wireless stuff many Qs ago and they were claimed to be the future superstar, where are they now? What did they contribute ? Just because I am in the similar industry, I can tolerate much more than the average investors on a failed product, but still the product should be failed in GOOD FAITH rather than simply a propaganda. I dislike Craig's message for a long time mainly because he said he did not want to waste time to dig out what was Gigamux (but this, in my mind, was the key of investment in hi-tech business), but after almost a year's observation, I agreed he had a point. If they are just drawing a beautiful picture and you are not allowed to touch on it, it really does not matter whether you can understand the picture or not. I did lose money on longing FIBR, which I sold out right now, and I do not plan to short it because I have no such gut. I would not take any position so its price has nothing to do with me. I just want to share with you for my personal experience on Craig as he seems to be a stubborn black sheep in this family. And I hope this opinion is useful to balance the messages here. Craig, please accept my apology if I irritated you before. CH