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

To: Brian who wrote (7671)	7/24/1998 11:39:00 AM
From: Ploni	Read Replies (1) \| Respond to of 10479

The article seemed negative. I was especially surprised by the line that Osicom promises to return to profitability this year. Most companies avoid such forward-looking statements, which can lead to lawsuits if they don't come true. Osicom is doing the reverse split so the company can upgrade its listing on the Nasdaq market to the top-tier National Market from the lower-rung Small-Cap Market. I wonder where the writer obtained this information? Osicom has refused to comment on the NASD NMS issue for the past several quarters, and there was no mention made of this or any other motive in the announcement of the reverse split. It's also an attempt to attract institutional shareholders that shy away from buying penny stocks, which these days are classified as those selling for less than $5 a share. Again, is this speculation on the part of the writer, or did someone tell him this? As others have pointed out, institutions are thrilled by companies that do reverse splits and that trade with the "D" letter.

To: Brian who wrote (7671)	7/24/1998 12:17:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 10479

6 1/8 is a new 52 week low. You can't blame the short sellers today either. FIBRD is not borrowable at both of my brokers. I would have shorted at the bell had I had the opportunity. Perhaps it will be available Moday, if the price can hold above 5. It is most interesting that Par couldn't come up with the money to meet the margin call last year, but has $1 million laying around now that the price is much lower. Barb

To: Brian who wrote (7671)	7/24/1998 3:10:00 PM
From: Mohammad Khan	Read Replies (2) \| Respond to of 10479

"Osicom is doing the reverse split so the company can upgrade its listing on the Nasdaq market to the top-tier National Market from the lower-rung Small-Cap Market." If this is the main reason for rushing 3 to 1 reverse-split, does this mean that NMS is now doable and being targeted before the EN's IPO SEC filing. Seeing the effect of reverse-split on the stock price over last week : better be worth-it!!! Any comment on the possible timing of it? As well, does this mean other objections/issues are already cleared for the NMS listing... that had been inhibiting such to happen when the stock itself was above $5 last year? Any rational insight?