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

To: Scott Ozer who wrote (6862)	5/18/1998 9:34:00 PM
From: Ploni	Read Replies (2) \| Respond to of 10479

Let's see, if an underwriting is done correctly Does Osicom always do things correctly? Remember that the proxy statements were sent out so late, that the shareholder meeting had to be rescheduled? I don't think FULL NMS is too hard to get for this company For the new company? We don't even know why it's been refused to Osicom, as it's apparently a Top-Secret, Eyes-Only, "If I told you, I'd have to kill you," kind of deal. [But I'm glad that you and others keep thinking of NMS; it's a point which shows that Par has absolutely no credibility. My assumption, in the absence of any willingness to tell us the truth, is that the NASD doesn't like Par, and won't give NMS listing to any company that he is associated with. Of course, this is only an assumption, and I'll be happy to be proven wrong.] assets of parent fibr BALLOON WITH CASH AND VALUE OF THEIR HOLDINGS IN EN GROUP Under control of Par Chadha... * * * Anyway, I sometimes feel silly playing the Devil's advocate, as there are plenty of short-sellers who do that. I am on your side, and hope we will all be rich some day, but I am reluctant to contribute to the hype. My reluctance to ever hype a stock (focusing only on the positives) is that if I encourage innocent new investors to buy into a company, and it doesn't succeed, I would feel guilty for misleading others.

To: Scott Ozer who wrote (6862)	5/18/1998 9:35:00 PM
From: Ron Reynolds	Read Replies (1) \| Respond to of 10479

Charles, I concur. I wouldn't alter my position on the basis of rumor. At heart, I believe in the efficient market theory. If anyone actually DOES know anything, it's already reflected in the current share price. I can't predict what FIBR's share price will do tomorrow, or next week, month, or quarter. I'm simply assuming the risk (read "gambling") that I'll be able to unload the shares I've purchased at a reasonable profit. Period. I can only comment on share-price movement after the fact. In the final analysis, we're all Monday-morning quarterbacks, though it's a hell of a lot of fun to delude ourselves into believing otherwise! I can also make inferences. For instance, it would not be entirely unreasonable to infer that some of those who persist in trashing the company (and its most recent financial moves) are likely to be shorts who have not closed out their positions. If they had (covered), one would think their interest would lie in hyping share-price back to the $5 level...particularly if they view the CSFB deal as a floorless convertible. Finally...what's the best-case scenario for the holders-to-be of the new convertibles? How about doghouse earnings reported come May 28 followed by one (that's all it would take!)or more significant Gigamux order during the ensuing quarter?