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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Anderson who wrote (32344)	4/20/1998 11:35:00 AM
From: Lee Bush	Read Replies (2) \| Respond to of 41046

Mike: On the contrary, this news reveals that the company is moving forward toward the IPO. It reveals that the management adjustments have been made and this clears the air for many who were wondering just who would be heading up the new company. As Frank Peters mentioned at the AGM, this selection came from outside of the company. I suspect that Raleigh and others are now hard at work researching the credentials of this man. He seems to have his finger on the pulse already, stressing the vertical integration of FTEL and FNET, and the tremendous opportunity afforded by WCOM's sites. Lee

To: Mike Anderson who wrote (32344)	4/20/1998 12:42:00 PM
From: Seth L.	Read Replies (1) \| Respond to of 41046

Do we own some part of the new independent company? YES If so, how is that? remeber at this point in time i believe Franklin owns aprox. 68% of FNet If not, have we just seen a part of our FTEL corporate holdings diminished by the spin off? I believe not at this time. But keep in mind that any announcements in the future will not say "Fnet a subsidiary of Franklin" I will be curious to see if Franklin as a company will be able to pull as much juice off of future announcements. The real positive side is what Martin eluded to. All FNet orders are no longer tracked as in house transfers. They will all be booked sales. You do the math 5 years 500 cities how many DVGs will that contract be for and for how much. hmmmmm and we still own 68% of the other. Seth