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

To: Afaq Sarwar who wrote (8585)	12/6/1998 6:36:00 AM
From: Joseph Hoane	Read Replies (1) \| Respond to of 10479

The bear attack. I don't miss CC at all. He was very very good at FUD slinging. The current bear attack can be shrugged off with a little bit of research, like listening to the past two conference calls and reading the last 3 months of press releases. Back when CC was posting, much of what he said was easy to refute, but some of it was very difficult and took fine judgement and dilligent research to refute. In particular, the combination of declining revenues and dilution financing at Osicom was hard to swallow. Now, however, we see that management has kept every promise about technical development that they have ever made and we see that their recent turn around on financing methods has continued in good faith. They are redeeming the convertible preferred at a steady rate (where to the get the cash, hmm, gross revenues maybe?), looks like $500,000 to $1 million per month. This is a very heartening good faith effort. In the recent conference call, Osicom announced that they had a new $10 million credit line based on the strength of their balance sheet. Now here are some interesting facts. 1. About 200,000 shares of Osicom were sold in about 15 minutes on Friday morning. 2. Three FUD (Fear Uncertainty and Doubt) slingers appeared on RagingBull at about the same time. (One of whom has since recanted and recommends going long short term due to some due dilligence he has done recently.) 3. Three FUD slingers appeard on Silicon Investor at about the same time. 4. Some toilet spammers and FUD slingers appeared on Yahoo at about the same time. Go Figure, Joe Hoane P.S. Let me state, in caveat, that the Bears are not idiots and try to pick easy targets which they help along with a big shove. In this case the declining revenues of the legacy products mask the increasing revenues from the new products and may have fooled them. For myself, I've seen it all before and have formed my opinion about Osicom, which is, as Par said in the conference call about forecast revenues, so high that I would lose credibility if I stated what I really think. P.S. Remember, sword, auric, et al are trying to scare off new investors., hence my post in rebuttal.