To: Doug Best who wrote (29853 ) 3/10/1998 1:24:00 AM From: jim bowman Read Replies (2) | Respond to of 41046
Judith, I welcome your comments and your last post certainly echos what others may be thinking at this point. I must say, however, that the sinking feeling I have had when the stock price goes south has only been made worse when the price has rebounded and I didn't buy more! As a long standing poster to this board and supporter of this stock I think Judith has earned a little more indulgence than Doug has shown. Judith is expressing some reasonable and heartfelt concerns. I think it would do us all well to keep our eyes on the prize. I personally feel very good about my position in FTEL because it has all of the right ingredients for success: excellent product, a top 10 national ISP, future FNET IPO, good management, captital to operate, WCOM affiliation and a sharp focus on customer needs. There's just too much here not to have a 10 buck (minimum) stock over the next year and even that's not a bad return. Just the IPO and a steady, but not even spectacular, stream of smaller sales could easily get us to $10. For those who are uneasy, just sell when it hits a reasonable return. I used to be very happy with 20-30% in a mutual fund. And contrary to what some may think, I'm certain that the "big boys" make it their business to know all about the Franklin's in this market. We aren't hiding. If they want to play, they are going to be calling Frank and personally I think they are... and it just might be that Frank is negotiating the best deal he can for you and me...and if there are a lot of suiters with deals of substance, it won't happen overnight. Like the posters here, Franklin has probably been a little fast and loose with predicting events. Sales to companies just aren't going happen as fast as we'd like, as in right after the evaluation period, even when the customer initially tells you "we'll buy next week". All too often in the world of technology, that two week sale happens two or more months later. this isn't technical but all of those smiley faces at FTEL are there for a reason. Employees can't fake enthusiasm on a company-wide scale. They know a lot good stuff and if the propects were bad, I'm guessing that our astute SI visitors would have seen it in their faces and body language. I wasn't there myself but isn't it safe to say that things were pretty upbeat? If I have one (gut-level) concern it is that Frank will want to drive too hard of bargain with potential partners, which may delay or cause reasonable deals to fall through. He did sell and then buy the company back once which may imply that the bar for making a deal might be much higher this time(?) That's not necessarily bad but it could be if other companies competing for deals are more realistic in their expectations and Franklin misses out. I'd be interested in getting the perspectives of others on this point. That's all for now, other than to say keep posting Judith. Regards, Jim