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To: Rajiv who wrote (2084)	2/11/1999 10:07:00 AM
From: Q.	Respond to of 2506

Rajiv, I covered OCOM in late December because of the upcoming january effect, but I certainly should have boxed it instead. You analysis of the market cap is exactly right. It is now too small, at $11 M, to be able to generate any significant private placements, much less a secondary offering.

To: Rajiv who wrote (2084)	2/11/1999 1:22:00 PM
From: Peter V	Read Replies (1) \| Respond to of 2506

Great news about OCOM. I covered at 3 1/2 for a nice profit some time ago, but I left it on my portfolio screen, and now I don't have to put it back on. Do you have a timeframe for the reverse split? thanks for the update!

To: Rajiv who wrote (2084)	2/11/1999 1:28:00 PM
From: Peter V	Respond to of 2506

OCOM sells two vidphone systems! Look out! Thursday February 11, 6:03 am Eastern Time Company Press Release Objective Communications Enters Financial Market With Inter-American Development Bank World's Oldest and Largest Regional Multilateral Development Institution Purchases Objective's VidPhone(R) System To Improve Multinational Communications Through Video PORTSMOUTH, N.H.--(BUSINESS WIRE)--Feb. 11, 1999-- Objective Communications®, Inc. (Nasdaq:OCOM - news), a leading provider of real-time video communications solutions, announced today that the world's oldest and largest regional multilateral development institution, the Inter-American Development Bank (IDB), has purchased and installed two of the Company's VidPhone Systems, comprising 80 seats. Headquartered in Washington, D.C., the Inter-American Development Bank helps accelerate economic and social development in Latin America and the Caribbean, home to roughly 475 million people and a total ''domestic'' product of approximately $1.3 trillion.(1) The Bank feels that the VidPhone System's video and audio quality will allow the Bank to improve communications between its Headquarters and its Regional Offices in Latin America and the Caribbean. The VidPhone System is the only networked, video communications solution that provides TV-quality videoconferencing, video-on-demand and broadcast distribution without putting any data onto the corporate LAN or requiring a separate, spare network. Because the System uses the existing telephone cabling, it is easy to install and deploy, enabling businesses to be up and running -- fast -- with ''real-life,'' face-to-face communications anywhere there is a phone jack. ''VidPhone is an ideal tool for financial organizations looking to speed up working processes, improve communications and share information more efficiently,'' said James Bunker, CEO of Objective Communications. ''It fits into existing infrastructure, offers superb picture quality and brings all resources -- data, video, audio, people -- to every desktop and every conference room, whether you're communicating within the campus or around the world.'' About the IDB Headquartered in Washington, D.C., the Inter-American Development Bank helps accelerate economic and social development in Latin America and the Caribbean, home to roughly 475 million people and a total ''domestic'' product of approximately $1.3 trillion. In carrying out its mission, the Bank has mobilized financing for projects that represent a total investment of $206 billion. The Bank's annual lending has grown dramatically from the $294 million in loans approved in 1961 to $6.7 billion in 1996. The Bank's Charter states that its principal functions are to utilize its own capital, funds raised by it in financial markets, and other available resources, for financing the development of the borrowing member countries; to supplement private investment when private capital is not available on reasonable terms and conditions; and to provide technical assistance for the financing, and implementation of development plans and projects. Today Bank membership totals 46 nations. About Objective Communications Objective Communications is the first company to deliver a total, real-time video communications solution that includes videoconferencing, video distribution, and video on demand all in one integrated system. Based on the innovative VidModem(TM) technology, the VidPhone System uses standard twisted-pair telephone wiring to bring TV-quality video to desktops, meeting rooms, lobbies, operating rooms -- anywhere there is a phone jack. More than just a high-quality videoconferencing solution, the VidPhone System combines live broadcasts, point-to-point and multipoint videoconferencing, and wide area ISDN and ATM connectivity to provide organizations with a total video communications solution. For more information, visit www.objectivecom.com. (1) Source: Inter-American Development Bank Integration and Regional Programs Department, Statistics and Quantitative Analysis Unit.

To: Rajiv who wrote (2084)	2/11/1999 2:58:00 PM
From: Q.	Read Replies (1) \| Respond to of 2506

re. OCOM's net tangible assets, to me it looks like it was $2.5 M as of 9/98. Adjusting that pro-forma, I add $2.85 M proceeds from private placement less $0.1 M of that as debt, giving a total of $5.35 M. That's more than the $4 M required to stay listed, even if they burned $1.35 M in the December quarter. Looks to me as if they can do a reverse split and stay listed a while. In fact, I don't see why they have to do the reverse split, since the stock is around 2 and the continued listing requirement is only 1. Am I missing something? Here are the listing requirements: nasdaq-amex.com

To: Rajiv who wrote (2084)	2/13/1999 8:06:00 AM
From: telephonics	Respond to of 2506

Thanks-I have read and studied the SEC filing.Yes,I agree with you that unless the secondary is successful the company will go into bankruptcy. Unfortunately the money now available will sustain the company for about 2 months.Any orders received will not generate any cash flow to the company in time.Yes.the InterAmerican Bank order is significant but it is coming too late. Even the phantom order from Ford worth "Millions" will be too late to extend the current survivability date. To me it is also surpris9ing that I am seeing more entrants into the alalog campus arena. Latest EnViron,TUT Systems and WAXS.Suggest you check them out.

To: Rajiv who wrote (2084)	2/25/1999 3:07:00 PM
From: Geigartt	Read Replies (1) \| Respond to of 2506

Re OCOM So it looks like if the r-split results in a stock price of >$5.00, it is fresh meat for shorting. If they are going to the bother of this action, isn't it likely they will set a ratio that will result in a price of > than 5? 1. When do they have to announce the terms of the r-split? 2. Does it become effective immediately upon acceptance by the shareholders? I bet those shares will be hard to find (to short I mean). Keep us posted as to new developments.