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

To: CMS27 who wrote (5968)	3/17/1998 8:35:00 PM
From: CH	Read Replies (1) \| Respond to of 10479

Scott, you said : >Part 1 aquisitons completed. >Part 2 new products developed. >Part 3 sales of new products. >As you can see we are at part 3. So far Osicom hasn't let me down as >these goals have existed since I first purchased the stock. I think it depends how much patience you have and also how long have you been hanging around. Once, I did have the same faith on this little company as you do. IQX, Net-arm, Gigamux are the "catch of today" but they have a lot of old fishes before :switches, hub, FDDI, ISDN routers, wireless.... you name it. All these products gone for the same process. A lot of promotion in stock market (not necessarily same effort in the product market), a lot of media review, making fans (including myself) believe that would be an item to bring the future to Osicom, and then no sales (or low sales) and the product is gone. I was attracted to buy Osicom sharer because of the ISDN routers (nethopper) and that is really a joke. That I bet Osicom ended up selling less than 1,000 units of that (max revenue 1 million), if they still have stock, they can only write them off. The only thing they learned, in my opinion, was that they gave up simple products, for an ISDN router, I can figure out how good it can be in 2-3 months' time without digging deep, but for Gigamux, net-arm, there is a good and reasonable request to wait for 6 months to even listen to the second step. And a lot of guys cannot even understand why a short haul is better than a long haul.(cost, you told me, yes, but did Osicom tell us how much they are cheaper than long haul solution?) We all said Osicom has real product and real sales, even including Craig, but we have to pay attention to the relation of real product and real sales, if most of the $30 million sales in last Q were coming from these three super stars, no problem, some would still dislike this company, but others would change their mind. But if there is a small portion of these sales are coming from these problem, then the investors should at least a right to clarify what the management wanted to do. What did the management do after the step 1 "acquisition"? (I thought it ended mid 96?). The management cannot spend money to buy a factory with low margin product and count on these sales as "real sales" and there is no plan, or even no way, to change it to make Net+arm or Gigamux, then what was the point of this acquisition? Why we don't save our money to concentrate on our future product? If they buy this and that without knowing the purpose, can we say they have a vision? (No need to repeat, I know their vision is to enter the high technology market with low cost solution, this is not the vision, this is the propaganda, the vision is how to make that happen). If the management do not want to make these things clear enough, my conclusion (personal opinion, no proof) that they are making up story. CH