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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?


To: Rick Smith who wrote (684)8/11/1998 12:14:00 AM
From: PaddyD  Respond to of 802
 
They may be a little soiled, but I am still holding onto my shares, and my bankruptcy notice. I could still get 1 White Castle hamburger for each share. That would be an awful lot of hamburgers.



To: Rick Smith who wrote (684)8/12/1998 11:15:00 PM
From: Bradford P. Billings  Read Replies (2) | Respond to of 802
 
Rick,

I have formulated a plan to save FastComm Communications. Since we have limited sales and earnings visibility, I think FastComm is a perfect candidate to become an internet company. First we'll change the name to "Fast.com", then we'll retain Merrill Lynch as lead underwriter for our secondary offering. Merrill Lynch will put a beautiful glossy picture of our WEB.router (Don't worry what a WEB.router does, nobody knows, we've never sold any) in the prospectus and price the secondary at 25. Fast.com will open at 50 minimum, maybe more. We'll hit the bid and head down to the islands for some sun and women. Sound good?

Brad



To: Rick Smith who wrote (684)8/13/1998 7:46:00 PM
From: Bill  Read Replies (1) | Respond to of 802
 
A cursory look at the numbers suggests a lot more going on than the litigation. Gross margins decreased from 58% to 39% year to year. SG&A way up on lower revenue. This was a nightmare, litigation or no litigation.