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Technology Stocks : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?


To: Louis Cornell who wrote (417)5/28/1998 12:04:00 PM
From: Grantcw  Read Replies (1) | Respond to of 475
 
Louis,

Yes, I saw the press release also but didn't think as much into it as you did.

Judging from the release, the new CFO seems to have little to no experience in ORFR's industry. As you guessed, it looks like he has been brought in to help with mergers and acquistions.

I don't think ORFR would sign this guy solely for the RDL acquisition. Not worth the hefty CFO salary, IMO. Can we expect many more acquisitions in our future? This company has already made a ton for its small market cap.

I think you are right though that the RDL acquisition is having trouble being completed. It should have been completed sometime last week, right? Hopefully this CFO can get in office and make things happen soon!

Overall, I and the market judge it as a non-event.

Grant



To: Louis Cornell who wrote (417)6/7/1998 2:22:00 PM
From: Grantcw  Read Replies (1) | Respond to of 475
 
Louis,

I've been under the impression for a while that management has contended they will make previous estimates of $1.00 this year (in not so straight talk I'm sure). I've been discussing ORFR with some people and wanted to make sure that this impression I had was true. Do you know where I, or we if it is true, got this impression?

Thanks in advance,

Grant