Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joseph Hoane who wrote (8598)	12/7/1998 9:49:00 AM
From: Joseph Hoane	Read Replies (2) \| Respond to of 10479

This is a post that wouldn't go on to ragingbull since they did maintenance last night. It's not off topic and is a responce to some credible arguments. --- Dennis, thank you for your post. Your points are credible objections which I will try to rebut from my own point of view. <<They could have sold Uni by now and used the money to avoid any further dilution. I still have not heard of any real offer for it, or a timetable for getting one. And there is still plenty of convertibles out there>> 1. The threat is as effective as the execution. They could take any of the offers at any time. This gives them the option NOT to take any offers if they are doing OK. 2. The $15 Million in revenue will look good in Q4. 3. Par stated that there were 11 bidders. Either you don't define "bid" as a "real offer", which may have a point, or you don't believe Par, in which case you should sell at the open. 4. Management has started reducing the outstanding convertible preferreds. They have, in each of the past two months, redeemed approximately 3/4 million dollars worth of the preferreds. This is a good faith effort which relieves my mind. They have stated that this practice will continue. BTW Where did the cash come from? <<They could have announced some real contracts for real revenue from Gigamux. Instead all we get are more "evaluators". Evaluators and 25 cents won't get you a cup of coffee. They need to sell the damn things>> 1. What do you call $3 Million in revenue? That buys some cup of coffee. Par stated that Osicom has gotten/is getting follow on sales from Media One. This makes me believe that the Media One press release will be really exciting when it comes out. Yes, I wish it had come out already, but if you don't believe Par, see #3 above. 2. This long evaluation time now works to our advantage now that we are through it. It works as a barrior to entry for other players. 3. Amen to selling the damn things. <<They could have done alot better with the IQX. Instead it's pretty much a bust.>> 1. Amen. 2. They have admitted this problem. Management has been reorganized and placed under one roof. The products are being improved. The TransAmerica leasing program is still active. I don't really see how they could have done so poorly with this, except that it's a small company and the marketing resources were probably spent on NetSillicon and Gigamux. I wish we could count on growing revenue from this division in Q4. <<This company is still in the midst of massive revenue decline and big losses>> This is why it is such a bargain right now if you agree about the potential and have some confidence about management's execution on the Gigamux and NetSillicon. <<We only have their "guidance" that things are getting better. Their credibility is still suspect>> Then sell immediately. Right now it's all about marketing, sales, and finance. I think Osicom's marketing and sales for Gigamux and NetSillicon and Far East are excellent. I think their financial practices are turned around. This is all a judgement call. If you don't agree, then sell. <<It will take more than words to fix this leaking ship.>> 1. Wholy untrue. Marketing and Sales words to customers are just what are needed and those words are being provided energetically, in my opinion. 2. Of course you meant conference call words. Of course you are right. The statement cannot be argued with. However, if you believe the words, then you can only conclude that Osicom is way undervalued. In my experience, everything that Osicom management has said which could be verified is true or has come true. Of course in my opinion. Joe Hoane