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

To: Dennis G. who wrote (6839)	5/18/1998 1:14:00 PM
From: Bryon Bothun	Read Replies (2) \| Respond to of 10479

Ok, the press release says the offering will be made to owners of Osicom Securities which includes preferreds. This raises the possibility that CSFB is really buying net +arm not FIBR. I realize that my rights will trade on the open market & I will have the chance to sell them if I can't come up with the money to exercise. I just don't see how the rights could have value that is higher than the resulting drop in the price of FIBR the day it goes ex-dividend. In theory this should not be possible. The spin-off does not add value for me unless I exercise. I'd be just as happy to participate in the success of Net +Arm without investing more, thank you. Bryon