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.

Non-Tech : InvestRight Club Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (1698)	4/29/1999 10:29:00 PM
From: mark garner	Read Replies (1) \| Respond to of 2662

Great news on FCM!!! Folks, this may have been a "boring" stock, but its about to heat up over the next few months. As I said before, now is the time to buy. Thursday April 29, 5:40 pm Eastern Time Company Press Release Franklin Telecom Issues 10Q for March Quarter: Internet Company Shows Profit WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--April 29, 1999-- Franklin Telecom (AMEX:FCM - news) Thursday filed its 10Q for the March 1999 quarter with the Securities and Exchange Commission. Sales for the quarter were $4,270,000. Net income was $382,000. Earnings per share were $.02. These results show a 244% increase from the December quarter which reported $1.2 million in revenue. Furthermore, this is a 1,214% increase over the same quarter last year. Franklin CFO, Tom Russell, said, ''This quarter is a milestone in the company's history. After a lengthy period of product development, the company has turned this into a commercial success, with profitable results. Looking over the last five quarters, we have demonstrated a remarkable, consistent sales growth.'' Frank Peters, Franklin's chairman and chief executive officer, commented, ''We are excited and gratified at this evidence of our continued growth. Going back one year, our revenues starting last March 1998 for each quarter were $325,000; $524,000; $933,000; $1,200,000. Now for the March 1999 quarter, our net income is greater than our total sales from the quarter a year ago. We're bucking the trend for Internet companies -- we are making a profit!'' Peter Buswell joined Franklin last July as president and COO. According to Buswell, ''My goal on arriving at Franklin was to have the company profitable within one year. Happily, we're three months ahead of schedule. Our Tempest® Data Voice Gateway product line has matured and is expanding to offer advanced generation features that utilize the unique qualities that the Internet offers for e-commerce, among other applications. As our momentum continues to build, we're anticipating an exciting future.'' About Franklin Telecom The primary business of Franklin Telecom is the design and manufacturing of communications devices including hardware and software solutions which enable superior quality Voice over IP applications. Franklin customers have installed over 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol global Telco services. Certain statements in this news release constitute ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements. For additional information about this announcement, visit the Officer's Message page at Franklin's Web Site: www.ftel.com; www.franklin.net -- for Internet Services and Access; www.fnet.net -- for Internet Telephony & Franklin's Next Generation Telephone Company. ------------------------------------------------------------------------ Contact: Franklin Telecom, Westlake Village Helen West, 805/373-8688 hwest@ftel.net