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


To: Joseph Hoane who wrote (8599)12/7/1998 10:22:00 AM
From: Dennis G.  Respond to of 10479
 
Thanks for your response Joe. I'm personally still taking the tack that they are being honest about their progress. I think the upside potential still outweighs the downside. Plus I am not in the red on the stock. But execution is still key. Let's hope they come through.

Dennis



To: Joseph Hoane who wrote (8599)12/7/1998 12:19:00 PM
From: David Wise  Read Replies (1) | Respond to of 10479
 
Re: "where did the cash come from", Par mentioned that they received about $1.5 million paid back by ABCN. Also that they are due about another .5 million.

I didn't understand what this was for, unless maybe a loan repaid to Osicom. Par said they still have their (our) investment in ABCN which is currently attempting to get investors together to launch, now that Asia seems to be coming back around. In fact, China wasn't as affected as others, anyway.

I assume that's where some of the money came from.

Then, again, I was reading about some companies, even S&P 500 companies, that are finding it can pay off very well to borrow money for stock re-purchasing, given a low stock price or high growth rate. I personally think Osicom fits both of these descriptions.