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

To: vestor who wrote (8546)	12/3/1998 7:10:00 PM
From: Jatin Kadakia	Respond to of 10479

11 shares in 4 transactions. Vow... Anyhow, I listened to CC and here ar emy notes. Conf call tidbits. Introductions ------------------ Par says We feel good, business is good and transformation going on smooth. All four divisions growing. Far East: 5.9 mm in rev against 9.5 mm. 90mm contract to start shipping this qtr. US West increased to 12 mm from 11 mm. Backlog growing as a result. Profitable this qtr with 15mm rev. Happy with turn around. Looking to sell it in favor of high margin businesses. Talking to eight parties (stretigic as well as financial) for deal. NetSilicon: Growth. 3 mm vs. 0.9 mm. Disappointed. Foundary delayed chips. Looking to bring another foundary on line to avoid such problems. 59 different design wins. Changed to traditional IPO format. Board approved it. No more rights offering as said before. Distribution of remainder of shares to current shareholders as planned before. Pete says he thinks it is winner. Goal this qtr to grow to 4 mm and may be profitable. Network Access: IQX a dud so far. Mgmt changes. 7.2 mm in 3rd qtr. Goal to be profitable in 1st or 2nd qtr. Transmission Business: 3.8 mm. Not satisfied. Metro DWDM Market expected from being non-existant recently to 1.3 billions in near term. Goal is try to get 10% of market. 77 evaluators, 22 in final stages. Shen in China for 10 days. He has a new evaluator. Now up to 78. Shen speaking from China. Sales chief calling in from airport. Fourth Qtr: 30 mm possible in they match 3.8 mm in Xmission business. No promise of being profitable but losses to be a lot less than 3 qtr. Dilution.. Mgmt concerned about dilution. Dilution reduced by 600,000 shares since 11/6. Using balance sheet for further credits and will not dilute further. From Q&A: ----------------- What about 1,080,000 possible dilution? Par hoping to reduce it if sale of Hongkong unit and spin off happens per plan. Got 1.5 mm ABCN.. ABCN still owe up to 500K. Equity interest still there. NMS listing - FIBR in full compliance. Waiting to hear from SEC. Ball is in their court.. Camera display product - Internally known as Mobile Entertainment Gear (MEG). PHS standard used in Japan. NTT has 7.2 subs. 400,000 units contract. Large potential. US West - increased order by 1 mm. (total 12 mm). On schedule for delivery by end of Jan. Media One contract - One installation resulted in other installs. Par will not give totql gigamux systems out there. Requested to call for actual number. Asia unit - 8 potential (6 stratigic - 2 financial). When sold, FIBR expects to get much more than 11 mm it paid for it. Par said may be multiple times. Gigamux - no evaluators have dropped out yet. Potential revenues if all evaluators bought systems from Fibr - 10% of possible market size of 1.3 Billions. Very conservative number. Investor relations - will be bringing in a investor relations firm. Main competiton - on xmission side - Harmonic, Cambrian, Ciena, etc.. IPO - Tucker Anthony or others? FIBR says other companies are pursuing FIBR to participate in IPO. Retain 70%, 30% to public approximately. No plans to spin off transmission business. To evaluate after 2 quarters. How to expedite NetSillicon offering - Changing to IPO in the original filing. New PR firm to be announced in 2 weeks. FIBR attesting that it is the only company shipping true Short haul DWDM as of now. Many companies may be using long haul equipment for short haul applications. Did not catch the replay number but there is one. Wonder how it will play out tomorrow. No one showed displeasure with the results so I guess reaction will be good. I have not listened to previous CCs so I can not compare how this one was different. But overall, they sounded very positive. BTW Par had the entire management team participate in the CC which is different than other CCs I have heard where they only have CEO, CFO and may be the president and chairman. Hope to see it in double digits tomorrow if market is somewhat stable. JK (Wish Craig would comeback and give his spin reasonably)