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

To: Scott Ozer who wrote (7082)	6/1/1998 6:59:00 PM
From: Dennis G.	Respond to of 10479

Strange trading day. Several big blocks traded and the stock was close to unchanged. Then in the last 15 minutes the price collapsed on a bunch of smaller trades. Margin calls maybe? Is there anywhere that keeps track of stock bought on margin, or is that not possible? Dennis

To: Scott Ozer who wrote (7082)	6/2/1998 9:16:00 AM
From: Bryon Bothun	Read Replies (2) \| Respond to of 10479

I have a question about possible convertion scenarios. This latest placement cannot be converted for 90 days minimum. As far as First Boston is concerned the price over the next 67 days makes absolutely no difference. They convert at the lower of $7.99 or the average of the lowest three closing bids for days 68-90. There is also a provision that FIBR can buy back the issue at 116% of face if the price closes below 3.5 for ten consecutive days. My question is, under that scenario when must they do the recall? If it closes below 3.5 for the next ten days does this give them the right to redeem it only on the eleventh day or at any time in the future? If this redempton option is open ended this may present an opportunity for FIBR. Say the price goes to $15 on day 67 and stays there until day 90. FB would be able to convert at $7.99 and sell at 15$ for close to a 90% return. FIBR would be better off to recall it at that point and pay FB $9.2 million and keep the million shares that would now be worth $15 million. FB still gets a nice %16 return and FIBR gets the use of the money to ramp up without diluting at all. Pretty smooth for FIBR if it works out that way. Is this a possible outcome? Thanks Bryon

To: Scott Ozer who wrote (7082)	6/2/1998 4:55:00 PM
From: Mohammad Khan	Read Replies (2) \| Respond to of 10479

All: The enclosed announcement from SPRINT could get others to move faster.... Quicker orders for Gigamux... SPRINT UNVEILS REVOLUTIONARY NETWORK Breakthroughs Give Customers High-Speed, High-Bandwidth, Multi-Function Capabilities Over Single Phone Line From the press release : sprint.com it says: "Innovation and leadership More than a decade ago, Sprint ushered in the era of pin-drop quality and reliability when it introduced the first nationwide, all-digital fiber optic network. Sprint was first to market with a variety of products and services, including the first public data network, the first national public frame relay service and the first nationwide ATM service offering. Additionally, Sprint deployed the first coast-to-coast SONET ring route and was the first carrier committed to deploying Dense Wave Division Multiplexing on nearly 100 percent of its fiber miles. SONET allows voice, video and data services of any bandwidth size to be transmitted to its destination with guaranteed delivery. Metropolitan Broadband Networks extend that powerful service and delivery guarantee in major markets. This same innovation and execution prowess is the foundation for ION. Another technological advancement developed over the past four years as part of ION is the ability to carry pin-drop quality voice traffic over an ATM network and to seamlessly connect to any public switched network. This capability will be transparent to customers using the Sprint network. Network capacity is not an issue. Through deployment of Dense Wave Division Multiplexing and other fiber-optic technologies, Sprint can efficiently and quickly scale network capacity, as the marketplace demands, while simultaneously improving unit economics. In 1998, a single Sprint fiber pair will be able to simultaneously carry over 2 million calls --- the equivalent of the combined peak time voice traffic of Sprint, AT&T and MCI. Next year, that same fiber pair will be able to simultaneously carry four times the combined voice traffic of Sprint, AT&T and MCI. "In the Year 2000, one pair of Sprint fiber will have the capacity to handle 34 million simultaneous calls, or 17 times today's combined volumes of Sprint, AT&T and MCI, without having to physically construct any new fiber," Esrey said.