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

To: Elliott Dunwody who wrote (9346)	3/11/1999 11:54:00 PM
From: Jatin Kadakia	Respond to of 10479

I hope these guys listened to CC before writing this..And truly hope they are not right. Will know tomorrow. Regards, JK cbs.marketwatch.com

To: Elliott Dunwody who wrote (9346)	3/12/1999 1:23:00 AM
From: Afaq Sarwar	Read Replies (2) \| Respond to of 10479

Elliott, Today there were two Osicom related events. The conference call, and the NETSilicon IPO filing. Both were positive, actually they were great. It was my expectation that the CC will be less about the past, and more about the future. It was clearly the case. Revenue of $30 mil. were right in line with what the company projected. Total loss of 34 cents was also in line with the guidance provided by the company in the previous CC. They actually did better than the expectations as the operating loss was 20 cents actually. Growth of two new businesses, NETSilicon and Optical Networking (GigaMux etc) is on target. The company is going after $130 mil. sales revenues for GigaMux alone in the near term. In addition to the US, the company has made significant headway in Europe and China. My impression was that we will hear about a lot of new sales in the near term from these two areas. Research coverage also seems on the horizon for the GigaMux business. I always believed that even at present price range, this company is a tremendous bargain. The NETSilicon IPO filing simply confirms that belief. Based on the numbers presented in the IPO filing, the current price of Osicom doesn't even reflect the value of NETSilicon alone. I am using proposed 12 mil. shares at $14 a share to get total proposed valuation of NETSilicon at $168 mil. Dividing that by 9 mil. shares outstanding for Osicom will give you a per share value of $18.66, which is less than the current per share price of the whole company. It is simply incredible! Some may ask why is that. Well, the shares of this same company six months ago were selling for $2. It took this much time for the market to make this much correction. I think that the subsequent correction will be faster due to the simple reason that now we have two underwriters of NETSilicon who will cover the company, and we should expect analyst coverage for the Optical Networking business also. The market reaction tomorrow? Who knows! We may go up some, or we may go down some. But three months from now, and six month from now, we'll be in the multiples of current price. That is what I really care about. This was a great day for the longs!!!! Regards, Afaq Sarwar