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

To: David Wise who wrote (5829)	3/7/1998 10:51:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 10479

<< London paper article (which had to be retracted) >> I keep hearing about this but I'm not clear. I have never read the article, but I did remember reading some press release about a retraction. The part I'm not clear on is just how much was retracted. If my memory serves me the London Sunday Telegraph retracted certain statements made in the article. I don't think they retracted the whole article. These points were probably too difficult to substantiate or were simple innaccuracies. It happens in most articles. If Barron's or London say 10 bad things about FIBR and they retract a few points that can't be proven that doesn't nullify the gist of the article. I did finally track down the Barron's article and read it, and then I read Par's letter to the editor. He only countered a few minor points if you ask me. Most of what the article said was not denied by Par if you ask me. Sounded like he was splitting hairs. << I'm not happy with the results, and can't say I give management 100% trust, but companies do need financing, and Osicom is not the first to suffer from stock price declines resulting in additional shares being issued. >> It's one thing to go to the public after you have proved that your on track and you can benefit everyone involved with the financing. It's a totally different matter to engage in all these private transactions that you shareholders only hear about months later in an SEC filing. Does Osicom ever announce when they do a private placement? (through a press release) << Face it, the CEO doesn't want to see his and his wife's 2 - 3 million shares go down in value, either. >> He's got plenty of shares to finance a cushy lifestyle for him and his friends. They can always issue more and the only thing that is important is for other people to profit from FIBR. The CEO doesn't actually have to take a salary or sell any of his shares to benefit from this situation. Get my drift? << Now putting this in perspective, 21 million diluted shares won't look too bad if they reach the $1.5 billion or better market cap that some communications equipment companies have reached rather quickly. Very possible! >> Show me ANY company that Par or Witz has been involved with that ever consistently showed a profit or a consistent sustained upward movement in stock price. Show me any successful company that has been run by them or associated with them. Osicom has never been successful in my opinion. They have lost money for years despite partaking in the "hottest" and "fastest" growing sectors of technology.