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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (1074)	2/24/1999 12:32:00 AM
From: Pat Garaffa	Respond to of 4691

Jim, I read Buffetology, and a few others as well. Although Warren would never buy into high tech, he does enjoy owning successful companies with growing revenues and earnings and who are a leader in its industry. FTEL is quickly meeting that criteria. Another thing Warren enjoys is "simple" business". As a high tech company (Voice over IP /internet telephony) he probably wouldn't bother due to it's complex technical makeup. But as a company with a simple business plan, he would be interested. FTEL will be offering fixed rate phone service through a subsidary called Fnet. FTEL (the parent company) is a proprietary manufacturer of telecommunications equipment which provides this capability (Voice) and they are succesfully selling this product to other companies who wish to offer the same type of service. Why would Warren like it: 1. Proprietary product line. (locked in market place). 2. Simple - Fixed price for unlimited phone usage per month. Same plan as an ISP. Minimul overhead for clerical / billing / accounting / cost tracking / etc. 3. Rapidly growing revenues and earnings. Rev's have doubled every quarter for past year. 4. Industry leader. They are recognized amongst their peers as the trendsetter, the company who is writing the standard and who others will model themselves after. The choice is yours! Im in it for the long haul. Best of luck to you. Pat