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To: David Pawlak who wrote (6675)	5/5/1998 4:20:00 PM
From: Afaq Sarwar	Respond to of 10479

David, Thanks for your response. I hope that the positive aspect of the rumor contained in the rumor itself "but the terms of the purchase, and the identity of the purchaser will more than compensate" is also true. Additionally, if the new shares are being issued to ramp up GigaMux production to fill a large order, then clearly this would be a welcome dilution, as you have suggested. Also, if this dilution has already taken place during the first quarter, then it would also explain the estimate of 8 cent loss for the first quarter by Joe Gladue. Regards, Afaq Sarwar

To: David Pawlak who wrote (6675)	5/5/1998 5:22:00 PM
From: Mama Bear	Respond to of 10479

Hmm, issuing more shares. Who'd a thunk it? It wasn't that long ago that 2 million shares would have been 50% dilution. Now we can comfort ourselves with the "fact" that it's only 10%. I swear I heard someone say they had no plans to do this kind of financing, I swear I heard it over the phone, and I swear I recall it happening in early December 1997. Something about 50 million shares being authorized, but that authorized doesn't mean issued. Perhaps I was just hearing things. Nope, nothing at all to worry about, is there? Barb

To: David Pawlak who wrote (6675)	5/5/1998 5:42:00 PM
From: Grantcw	Read Replies (1) \| Respond to of 10479

David, I've become somewhat disturbed by the recent devlopments with the Gigamux. I originally understood that we would be seeing Gigamux sales in each quarter to big customers per a conference call last year. Check out this posts and others in the early 3400's Message 2910570 I'm pretty sure that Par and management predicted big sales starting in first quarter and ramping up in consecutive quarters. Now I'm hearing that the bigger sales may not come until 1999. Was managment wrong in their projections? Did they not understand the nature of their product cycle yet? Thanks, Grant