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

To: Ploni who wrote (7583)	7/19/1998 2:14:00 AM
From: Dennis G.	Read Replies (1) \| Respond to of 10479

Charles, I have reported my conversation as accurately as I can recall. And I am convinced that John Gorman was being completely honest with me. But you can call and talk to him yourself. As I reported before, the main reason given to me was that this was done to enhance the IPO offering, and it was the underwriters who advised them to do it. I wish they had publish some reasons with the release, but they didn't. The fact is, there is nothing fundamentally different about the company because of this move. It's not another dilution. It's just a numbers game. And I actually think now that the stock might "look" better with only 7 million shares outstanding. If you felt that the company still had significant potential it its products, how does this move affect that in any way? The stock price went down simply because many shareholders immediately applied the conventional wisdom and assumed the stock would tank. So they sold at any price they could get and lo and behold, the stock dived. But who's to say it will stay down? In the end, the price will be determined by their success (or lack of it) at selling product. I'm still willing to give them more time. If traders want to trash the stock some more because of negative perceptions, so be it. There is no doubt that Chada's image is a problem, but sales are all that really matter in the end. They say they are working hard at it and are close, but there is no guarantee. I don't know what else to say. Dennis

To: Ploni who wrote (7583)	7/19/1998 12:13:00 PM
From: PaperChase	Respond to of 10479

Such negativity in your posts. Got to be careful though, you don't want the mighty FIBR lawyers to track you down and sue you. The fact that FIBR managers set a precident and went after Crawford to silence him was a red flare indicating poor managerial experience and guidance. How can anyone long on this stock not have expected this fatal reverse split? FIBR used extremely poor judgement by pursuing Crawford, yet they weren't capable of this latest blunder? You do not have a "right" to complain. This board provided plenty of valid counter arguments to FIBR's competence and those that had eyes to see and ears to hear weren't hanging around waiting to get lynched by another management blunder.