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

To: David Wise who wrote (8288)	9/18/1998 4:55:00 AM
From: craig crawford	Respond to of 10479

OTHER CAPITAL STOCK TRANSACTIONS In July 1998, approval was granted for a one for three stock split effective July 24, 1998. The effect of this change was reflected in the financial statements retroactively as if the stock split occurred at the beginning of the earliest period reported. In April 1998, the Company issued 203,999 common shares receiving net proceeds of $1,989. The holders have the right during the quarter to request additional shares ("price adjustment shares") to be issued by the Company to the extent that 86% of the ten day average trading price of the shares issued in respect to this transaction is below $9.80 per share at the time of the request; such request may be made only once with respect to the original shares which have been continuously held by the holder from the original issue date. During the quarter ended July 31, 1998 the Company issued 17,494 shares pursuant to such request. If the market value of the common stock had been greater than $15.00 per share on the 150th day from issue the holder would have been required to return a portion of shares not previously price adjusted to the Company for cancellation or to make an additional cash payment. In June 1998, the Company issued 274,888 shares of its common stock in complete conversion of the outstanding Series B preferred stock. The financing activities of the Company during the six month period ended July 31, 1998 provided net cash flows of $9.5 million, including net proceeds of $7.4 million from the issuance of convertible preferred stock to an investment group led by a subsidiary of Credit Suisse First Boston and $2.0 million from the issuance of the Company's common stock.

To: David Wise who wrote (8288)	9/18/1998 5:08:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 10479

The Company is assisting its wholly owned subsidiary NETsilicon, Inc. ("NSI", formally Digital Products, Inc.) to complete an offering of NSI's common stock through a distribution of common stock purchase rights to holders of the Company's outstanding securities. After this offering, it is anticipated that the Company will own approximately 53% of the outstanding commons stock of NSI. The estimated minimum net proceeds of this offering of $12.8 million will be used to repay approximately $3.8 million owed to the Company and NSI's $2.5 million outstanding under its short term line of credit. The remaining funds will be used for NSI's product development, marketing, capital expenditures, working capital and general corporate purposes. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ So much for your $235 million rights offering tbone---if it even goes off....heh heh heh! Wrong again tbone steak brain! #reply-5357062 Your analysis is so brilliant that you should go join Pawlak and work for Osicom. Hmmm...if Osicom operations cease to exist in the future where does that leave David? Can you say...l-a-y-o-f-f-s? Mr. Pawlak did such a great job with his projections for this company (loved those revenue growth estimates Mr. P) that I'm sure Par will take him under his wing and find somewhere useful for him.

To: David Wise who wrote (8288)	9/18/1998 9:37:00 AM
From: Joseph Hoane	Read Replies (2) \| Respond to of 10479

here is my transcript of the call. SEPT 17, 1998 CC PAR: Focus on shareholder value. Why are we here? 1. Expectations of shareholders. 2. Lack of Wall street sponsorship 3. Negative publicity about company and myself. 4. Preferred stock. (convertables) Steps: 1. Trying to sell Hong Kong business. a. Invest money in Gigamux and NetSilicon, perhaps reperchase convertibles and common stock. 2. NetSilicon IPO. Allow us to fund NetSilicon. Two businesses left: 1. Transmission. 2. 53% of NetSilicon. Management Team in place: Transmission and network access. Most important: Distribute the 53% of shares of NetSilicon[which Osicom will hold] to the Osicom Shareholders! Durectly! At time of IPO! XIN: "Introduce management team in our Transmission and network acces unit who are responsible to deliver" value and profits. RON MACKE: Technology side: Progess: Past: 1. Gigamux new stuff (phase II) delivered newer stuff (phase III) ongoing unique position in the market. which our competition has not even begun to address. Both transport and access to transport. 2. Net acces IQX design wins in network access. pursuing increasing business in 3. NetSilicon Only company with viable network-on-a-chip. Consolidation, as expenditures go up. Our current exprenses are going directly towards the important stuff. Bottom line: Products are necessary for our markets today. Future is in the pipeline. SOMEBODY: Network acces is important. Continuing design wins with OEM. Won intel based card at CISCO!!!!!!!!!!!. [emphasis mine.] Won Sun reseller of something. Distribution is going up, growing every quarter. Gigamux. Media One and Texas Utilities. We beat Nortel Alcatel Media One beat Ciena. See these initial sales. Working on Press Releases, but have permission to talk no. Currently in CLEC,LEC, and RBOC industry We are dealing with every major carrier. We are the leader in Metro DWDM. Prove with new sales in the near future. OEM wins for ... with companies like Cisco, Hitachi. Will show major revenue in the near future. ERIC K somebody about Network access business Grew access business quarter over quarter, reduced GA by 25%. sell through 1100 resellers, 90 direct customers, especially routermate. forward: integrated marketing. prove success with IQX growth in VAR channels and sales channels. JAMES CHAIKOVSKY: New marketing director: RBOC Vendor experience NOVATEL. Served at some aquisition of Alcatel. Brand new member of Osicom team. I joined because. I did research on DWDM market. insatiable demand for bandwidth. Architecture of Gigamux is exceptional. Configurable. Insight into carriers needs. 6 months before will be hard to live up to. at recent conference in Orlando, had lots of attention. Going to to sales and marketing campaign. Prepared to deliver now with exceptional responsiveness and support. Something about spinning off transmission company. Timing is to put it together fast, early 1999 --Par. Gigamux in network is a profound change. It takes time. --James Daniel Simon Q: spin off network access and transmission Left in Osicom: Deliver assets to children companies or to shareholders. [Just a holding company] Ed Goode: Gigamux IPO: what percentage? Par: I dunno. not less than 30%. Free from Hong Kong free from netsillicon. Q: What does the competition have: A: case by case 6 MONTHS AGO, competition had longhaul products configured for short haul. NOW: Users now know about long hauld vs shorthaul HAVE MADE SALES USING TransAmerica!!!!!!!!!!! [emphasis mine] IQX is ideal for mom and pop ISP (4-20 T1 lines) 1 IQX can solve. limited capital and high growth. IQX is perfect. through VARs with TransAmerica lease. Q: You said you will have in excess of $22Million revenue for next quarder. [Does this still hold true?] A: Par: Yes and far less losses. Robert Roche: Congrats: Q: Gigamux to Eurapean Telco? A: National carrier is BelgiaCom!!!!!!!! [emphasis mine]. Scott Ozer from Smith Barney: Q: Background on Media One and TU. A: Media One: Entertainment and comm services. 13 or 14 sites. They are entering into local CLEC business. We are talking to Atlanta, which is one of these 14 locations. Installation will be up within 7-8 days. Two week burn in and then go live to customers. Taking this as reference and going to the other Media One sites. Atlanta is their technical leader (division of somebody West). TU. Has purchased some CLECs in Texas. Acceptance of Metro DWDM is not easy. [But after acceptance, they move to, and are in] "I want it, I want is now." stage. Fiber exhaustion between two cities. Q: Units been paid for? A: Not been paid for, shipped 1,5 weeks ago. Credit is good as gold. TU [installation] is going in today and Friday.

To: David Wise who wrote (8288)	9/18/1998 10:20:00 AM
From: David Wise	Read Replies (2) \| Respond to of 10479

As hard as I try to ignore Craig, I can't help but notice the fear and desperation in his posts. Digging up very old news to re-post it here; twisting news to his own benefit; trying to make believe the sales to Media One and Texas Utilities are irrelevant, but ignoring the fact that this is only the tip of the iceberg with these two giants who are almost certain to buy more and more after these are installed and up and running. Assuming Craig had no better sense than to short Osicom at the lowest prices, I look for more desperation shots from him and all of his vulture friends. Except this time the Lion ain't dead and Osicom will bite their heads off. It's gonna be fun to watch. Hey, Craig - remember "buy Ciena, short Osicom"! Ha, Ha!