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

To: Joseph Hoane who wrote (8036)	8/17/1998 1:41:00 PM
From: Scott Ozer	Read Replies (1) \| Respond to of 10479

-------------------------------------------------------------------------------- Related Quotes FIBRD 3 5/8 +1/16 delayed 20 mins - disclaimer Monday August 17, 12:46 pm Eastern Time Company Press Release Osicom Announces First GigaMux Telco Sale in Europe System Integrator Installs GigaMux in a National Phone System SANTA MONICA, Calif.--(BUSINESS WIRE)--August 17, 1998--Osicom Technologies, Inc. (Nasdaq:FIBRD - news), today announced its first sale of a GigaMux(tm) dense wave division multiplexing (''DWDM'') system to a national telephone company in Western Europe. The purchase order, received from a Paris-based system integrator, calls for Osicom to install a system with the capacity to carry 10 Gigabits per second system (Gps) over a single fiber, expandable up to 80 Gps, as the first step in a potentially broader deployment of DWDM within the end-user's network. Osicom has not yet received approval to disclose the identity of the end-user, identifying it only as a Western European national telco. Said Osicom President Dr. Xin Cheng, ''This particular order is of significance to us because it represents the first time a national telephone company in Europe has adopted GigaMux as its Metro DWDM solution. This telco did not require a trial prior to its purchase decision, but instead relied on test data generated from the multiple GigaMux trials potential end-users have been conducting elsewhere in Europe this spring and summer.'' More on GigaMux Osicom's GigaMux line of DWDM transforms existing fiber from a dedicated, single-application medium into a versatile conduit capable of simultaneously transporting up to 32 independent optical channels. It increases the total bandwidth of a single fiber from 2.5 Gbps to 80 Gbps. GigaMux features include support for fault tolerant DWDM rings, protocol transparency and data rate independence in the entire 51 Mb/s through 2.5 Gb/s range. GigaMux's breakthrough EPC optical and electronic sub-rate multiplexing technology provides direct optical and electrical interfaces to customer premise equipment and carries voice, video and data traffic. About Osicom Osicom Technologies is a leading provider of integrated networking and bandwidth aggregation solutions for enhancing the performance of existing data and telecommunications networks. The Company combines expertise across multiple disciplines to offer fiber transport, remote access, virtual private networking, video switching and transport, and network systems-on-silicon to carrier and enterprise customers. The Company brings value to its customers by offering end-to-end, single vendor solutions as an integrated set. Osicom's offerings feature open architectures, offer complete scalability and fully support industry standards. The Company's flagship products are the GigaMux family of Dense Wavelength Division Multiplexers (DWDM) for short-haul Metro applications, the NET+ARM system-on-silicon for network connectivity, and the IQX-200 family of scaleable Remote Access Servers. For additional company, product or financial information, visit the Osicom website, www.osicom.com, or call toll free 888-OSICOM8. For calls originating outside the United States, call 301-317-7710. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third-party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. GigaMux is a trademark of Osicom Technologies, Inc. All other brands and product names are trademarks of their respective owners.

To: Joseph Hoane who wrote (8036)	8/18/1998 7:22:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 10479

>> Craig and Barb, let me put words in your mouths and then you tell me if I am correct. << Ok >> You thought there was something wrong with Osicom because of a pattern of behavior of the management which seemed bent on distributing stock rather than selling product. << Correct, but I would prefer to use present tense, because I don't believe they have, or will ever change. >> 1. Name dropping of big name partners with no effect on the bottom line or on the top line << Correct. Osicom is less concerned with the bottom line, and more concerned about trying to hype their stock price up by dropping big names, no matter if there are profits to be had or not. They do this for three reasons. A) They need to keep their stock price up so they can issue more stock into the market. Selling stock or convertible equivalents is the ONLY way Osicom can stay in business. B) Osicom needs to keep it's stock price up to ward off massive dilution. The lower the price goes, the more dilution from toxic, death-spiral, convertibles. C) People closely associated with Osicom (including management) need to unload shares of Osicom onto the market to finance their luxurious lifestyles. Obviously a buoyant stock price is paramount to achieving that goal. >> 2. Breaking promises about the amount of stock dilution which would be allowed. << That's what people say. I never listened to CC's until this year. >> What else? Financing with floorless convertibles then implying that the convertible is not floorless. 4. Any reverse-split. I would add: 1. Offshore partnerships. 2. Changing the wife's status so her actions need not be reported to the SEC. 3. Six months of declining stock price. (terrible looking chart.) << All that and more. There are so many things it is tedious to list them all. Most of them have all been discussed at one time or another.