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

To: R.NORTH who wrote (6690)	5/7/1998 12:09:00 PM
From: Ploni	Read Replies (2) \| Respond to of 10479

R. North, Thanks for your comments; I agree 100%. I think most people realize that my "candidacy" is somewhat tongue-in-cheek. While I would like to believe that I could undertake such a job and succeed at it, I realize that my relative lack of management experience makes it all but impossible that I should win such a position at this stage of my career. More importantly, I am glad to hear others agree that Par Chadha should leave, because of the unfortunate perceptions about him. I understand that he offered to resign following the Barron's piece, and the board investigated and told him to stay. While admirable that he offered to leave, the outcome was hardly surprising coming from a board that he selected. I wish he would put the matter to a vote of shareholders. While my pockets are regrettably not that deep, one or two other shareholders have identified themselves on this board as having large positions in this stock, and perhaps you might want to coordinate with them, and locate and contact other large shareholders through the company's stock transfer book. If shareholders controlling one or two million shares go to the board, it might make a difference. As far as shareholder lawsuits, I am not a great fan of such things, and don't believe they would accomplish our goals. Indeed, they would probably drive down the stock further, and only result in lawyers becoming richer, without removing Mr. Chadha from the company. As far as rumors of a buyout at twice the current price, I imagine that would give many people a profitable exit point, but it would still be a shame, for this company has the promise to be trading at about ten times the current price, or more. I believe that the stock would move up to $8-12/share, simply if Mr. Chadha were replaced, and a stronger team installed. The company's performance might also improve, and with significant sales of those high-margin profits, the stock could really start rocking.