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

To: David Wise who wrote (8238)	9/8/1998 6:26:00 AM
From: Ploni	Read Replies (1) \| Respond to of 10479

One reason I'm buying is that I like their $15 - 17 million dollar market cap with revenues around $100 million. Maybe you should invest in supermarkets: they often have incredibly low price/sales ratios. I don't think CS First Boston is going to ruin their reputation by using the floorless trick to benefit from what could be seen as stock manipulation. Month Shares Short 08/98 __293,380 07/98 __666,157 06/98 __607,563 05/98 __956,788 04/98 __914,672 03/98 1,241,017 02/98 1,455,112 01/98 1,673,744 12/97 1,002,638 11/97 __808,690 10/97 __875,946 09/97 __962,660 Someone shorted the stock heavily in December. Do you know who it was? Even if someone decides to manipulate a stock, the odds of being caught are almost nil. The SEC doesn't have the resources to go after everyone. Anyway, I think the market has built-in the worst case scenario for Osicom. The worst case would have been a quarterly revenue falling way below $20 million.... Worst case was also hinged on Osicom appearing to be strapped for cash. I think cash-flow is more critical than revenue, and thus the worst case is that the market will price Osicom lower and lower, as they continue to see dropping revenues, shut down facilities and lay-off employees. I think The Street has also taken into account the fact that Osicom management has an extremely high Pinocchio Quotient. They expect to increase their cash position next quarter Will that be before or after the NMS listing, the ABCN launch, the massive sales of ICX's, GigaMuxes, NetARMS, and Chinese Widgets? I'll admit I'm in a position where I have to see the positive side and therefor have looked harder for it. It's not nearly as hard right now as it used to be. I think this is called self-hypnosis. Although the stock price is drastically down after the 1 for 3 and big market crunch, I actually feel better about the prospects than 3 months ago. For me, averaging down makes sense. I'm speechless.

To: David Wise who wrote (8238)	9/8/1998 9:58:00 AM
From: David Wise	Read Replies (1) \| Respond to of 10479

It also occurs to me that the average initial investment for the 2 U.S. companies is about $275,000 each. I think this tells a couple of things: 1) the length of time under evaluation is very much justified when a company is spending this much for new, technology. They can't just check out another company's satisfaction based on experience, and 2) Osicom is for real. When, after long evaluation, companies are starting to spend over $250,000 on one product line, and some will go way over this, it's time to acknowledge that some people were wrong who said they didn't have a real product. I'm looking forward to the joint announcement due out today or tomorrow naming one of their new customers and hopefully talking about future potential sales to them. Sure would be nice if WorldCom does the same before too long! After all, Brooks Fiber was one of the first to start evaluating.