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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Gary1046 who wrote (7658)	8/10/1998 12:39:00 PM
From: James Harold Alton	Respond to of 19331

Hi Gary, I hope that you can get your questions answered so that issue can be put to rest. It is my opinion, that the best way to gauge the companies progress on a fundamental basis, is to track the revenues per share, since DCI is to be sold on revenues for some multiple. If the revenue per share is increasing with time, then IMO our value per share is also increasing. Charles indicated that he felt that due to the increase in the number of shares that the fundamental value of DCI per share was about the same now as a year ago and it could be that he is either using a different method to calculate (estimate) our value per share or maybe was unaware of the revenue growth per share we have seen. It is my opinion that if we are looking at this from the standpoint that Murphy intends to sell DCI as he has consistently stated, then it is the revenue per share number that we need to be looking at. More shares are a factor, but if the revenues increase at a faster rate, then we have gained additional value per share. Take a look at these numbers, which were taken from the Annual report, the Edge 8-K and from the July 23, 1998 press release: Time period: Revenues: Shares outstanding: Rev./share fiscal 97 1,939,891 7,931,118 .12/share fiscal 98 8,117,127 14,092,625 .58/share 5/14 Edge proforma: 16,924,00 18,392,625 .92/share Per 7/23 PR 50,000,000 21,500,000 2.33/share Close Locus and TW 151,000,000 34,000,000 (est.) 4.40/share Think of revenue per share as being directly related to the amount DCI could be sold for, personally I do like the trend. (G) These numbers show why the shares we had to absorb from the Preferred issues were not a big concern, as all of those shares with the exception of the series F are included in these numbers. James