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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Seth L. who wrote (39226)	11/9/1998 9:51:00 AM
From: VALUESPEC	Read Replies (2) \| Respond to of 41046

<<If you really believe in working off history than I guess you must think that CD will continue with bad accounting practices. IBM will never be able to capture a part of the PC market, Exxon tankers will hit more reefs and all those banks in 1992 with millions of non performing assets will fail. Gee what was Chase selling for then $12.00? >> CD bought CUC which had the bad accounting practices. The fraud was found out shortly after CUC was purchased. Everyone who had anything to do with the fraud has been replaced including the CEO and half the board of directors who were carried over from the CUC merger. IBM continues to do poorly in the PC market, and big oil companies will wreck more ships. You case with Chase makes a good case for buying CD, IMO. As far as FTEL, it is a hype stock, IMO. Did you read that news article someone posted recently? FTEL is a leader, huh? I guess "leader" is a somewhat relative term. Perhaps in the same way that Intrine was a "major company". <<Mike my point is and always will be that this is a bb stock high risk may yield high reward. It is very easy to stand on the sidelines of a bb stock and pick out gaggles of negatives. The trick to being involved in these kinds of stocks is finding a rarity, one that will break out. I am betting this one will run again>> I agree. You win and you lose with bb's. FTEL, however, has the signs of a loser, IMO. Again, look at its history. QGLY, for instance, had sales, and sales that could be verified by going to your local pharmacy. What about FTEL? Even announced sales with a "major company" ended up being ill-fated and the "major company" was not what most would consider "major, " IMO. As far as the price goes- who knows. I've seen a lot of crazy things happen, especially if some brokers, like yourself, get behind it. <<You are wrong and right. I am hoping that 3rd fiscal will see profits. As for the carrot here you are correct this company has a long history of putting off major goals. No excuse for this.>> It is nice to see some acknowledgement that FTEL has presented itself poorly, in some ways, in the past. Not all companies can even obtain the money that FTEL has in order to even stay in business. For that accomplishment, I think FTEL deserves credit. <<You will have to excuse me and many many more others think the same of you. >> I find that surprising, considering how many good insights I have provided on this company, not to mention documentation. I suppose that you still consider me a short on FTEL, or something, of which I am not. And even if I were, shorts are often the first good sources of the true fundamentals of a company. <<I believe he was referring to something else but if he was talking about the demos they obviously did not get the results that we all as investors hoped for. But I am not throwing dirt on them just yet. Besides who is to say that JM Best was not one of those companies.>> I can respect you for having a differing opinion on FTEL. Who knows, maybe the demos were very disappointing, but that certainly does not mean that FTEL will not re-direct its efforts and succeed elsewhere or at a later time. As far as name dropping with JM Best, that is one of the oldest tricks in the book. I'd be careful of anything like that. Believe it when you see it. Not before, IMO, especially in light of FTEL's history. <<What happened to the ill-fated Intrine order? I really thought all this time you knew the answer to that one (puzzled) Intrine bit off more than it could chew and Ftel became way to anxious to jump into this new market place with an order. They wanted to create hype and recognition of their little company. To a man there they know now that was a mistake.>> Seth, why was the Intrine announcement a mistake? Didn't the stock rise to about $ 10 per share around the time of that news? Didn't some make a lot of money on that run-up? Are you sure it was a "mistake," even if it was ill-fated? You think I'm too skeptical, no doubt, and yet you are as skeptical about me as I am about FTEL. Isn't that ironic? Anyway Seth, and to all the FTEL bulls, I do not claim to have all the answers. I'll just wait with the rest of you to see how this story unravels. May we all prosper. FTEL: $ .84a VALUESPEC