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

To: Ploni who wrote (7170)	6/6/1998 11:50:00 PM
From: David Wise	Read Replies (2) \| Respond to of 10479

I don't really care what Barry Witz is doing with his shares. Actually, I'd love to see him totally OUT. Par is another matter. Did you notice on the conference call that someone on the board, when asked about replacing Par, said they had seriously looked hard. Of course his conclusion was that, at this time, there is no one better who is also available. My take on this was that someone could come along. Still, if Par thinks the value is in the stock, he won't be dumping it. I'm waiting for an answer as to how he reduced holdings without reporting, IF he did sell. But don't forget there are many reasons one may need to sell stock. Someone mentioned Sharon having another business that was losing money. Maybe they were trying to keep her business from going under. Then again, maybe it does have something to do with the expiration of options. Or maybe Par will actually buy the warrants or options for $2 million (or was it 2 million shares?) as he stated very clearly in the conference call that he planned to do. Supposedly he was just waiting for some kind of financing arrangement to be approved. Here's another thought - maybe First Boston and/or Volpe have suggested to the Board of Osicom that Par be replaced as an investor relations play. One thing I'm betting on - the displays with Fore Systems and NEC will have far reaching results. There was a reason they teamed with Osicom and it wasn't just to benefit Osicom. They need the GigaMux to further their own cause. This means to me that they will of necessity promote Osicom in order to promote their own products. Those who buy the ATM and Sonet products for the purpose demoed will be likely to complete the system with Osicom products, as displayed. Yes, I bought more at 2 31/32 on Thursday.

To: Ploni who wrote (7170)	6/7/1998 8:19:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 10479

>>>What about the suggestion that the numbers reflect the expiration of stock options, rather than shares actually issued? Has this been ruled out?<<< The options position was broken out in both filings. Par held "exercisable options to acquire 552,500 shares of common stock at prices ranging from $1.50 to $7.92 per share (market price on the date granted)." on 11/21/97 and an identical number on 5/21/98. I do not believe the definition of "beneficial ownership" includes unexercised options. I did a search to see if I could find the definition on the web site, but came up empty. I do believe that you have to own the shares, but it can also include shares that will be delivered within 60 days, and shares held by other people for you. I believe that is why Par and his wife "dislaim" ownership of each other's shares. I'd appreciate it if someone could come up with the SEC approved definition of "beneficial ownership". As far as the filing, Par did file a form 13D last year that gave him the right to sell his shares from time to time. "The reporting persons intend to continue to continue to hold securities of the Issuer, but also have present intentions to acquire and/or dispose, in the open market additional securities of the Issuer on an ongoing basis." edgar-online.com This was discussed on this thread at the time it was filed. >>>It seems unlikely that Par would have sold many shares without reporting that in a timely manner.<<< Barb