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

To: David Wise who wrote (8367)	9/29/1998 1:27:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 10479

>> Craig, did you by any chance hope someone would mistake your last post as being relevant to Osicom? << Hmm....people on this thread sure thought ELON was relevant when they were making market-cap comparisons of the Net-silly-con "IPO" to the ELON IPO. All you have to do is read an SEC filing to see that those market-cap comparisons were ludicrous. >> Again, that makes you irrelevant! << Hmm...you say I am irrelevant, but somehow I also "had a big part in eroding our stock price". Those sound mutually exclusive. I fail to understand your logic, but that's nothing new. I was skeptical of your logic after hearing that you sank more money into this black hole. You can't have it both ways Mr. Wise-crack. Either ELON was never relevant to Osicom or it still is relevant.

To: David Wise who wrote (8367)	9/29/1998 6:24:00 AM
From: Ploni	Read Replies (1) \| Respond to of 10479

Who'll be next? AT&T? Buy-out by Cisco? (I doubt they want Ciena, now - that'd be like a teenager wearing clothes that his friends threw away. Would they really tell their stockholders that they're buying a company that wasn't good enough for TLAB?) Besides, for a lot less they can get this fresh, new company with new products, charisma and a fantastic management team... I think you forgot the "<g>" or "<vbg>" after that last sentence. Osicom has neither charisma nor a fantastic management team. They have hype (generally ignored) and an awful management team that: failed to sell the IQX in quantity despite garnering a best-value award, that has lied about getting a NMS listing, that did a senseless reverse split that destroyed the stock price, etc. IF it's true that the GigaMux has a technological edge over CIEN's metro-DWDM product, it would be a smart move for CIEN to acquire the rights to the GigaMux. With CIEN's financial resources and technical reputation behind the GigaMux, it would have much more success than where it is now. Earlier I had agreed with the sentiment that Osicom's price was so low that there was no practical way to sell out, as acquirers are generally willing to pay no more than around twice a stock's current value, which was believed to be too low to please Par Chadha. I thought that Osicom would have to remain independent and increase in value on its own, before a buy-out at a decent level could be arranged. That was before the insane reverse split, and the latest conference call (apparently never published in a press release) that Par is basically giving up and spinning off the operating units under different names. With that kind of attitude, it's possible that the board would be willing to sell out for around $50 million, twice where the stock is now. Of course, I think they could have sold out for around $100-120 million a few months ago, but they only have themselves to blame for the reverse split. IF there is value in the GigaMux, $50 million would be a bargain for CIEN. Considering Osicom's low-cash position, the remaining shareholders should be happy if they can get $8/share for their stock now, especially if it's in undervalued CIEN stock.