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Technology Stocks : FRANKLIN TELECOM (FCM) -- Ignore unavailable to you. Want to Upgrade?

To: Charles Broderick who wrote (425)	5/20/1999 7:47:00 AM
From: Grupo Brad	Read Replies (1) \| Respond to of 2891

John, Here is the info you requested. Hope this helps. Just out today. (DJ PIR) DJP: DOW JONES PIR PROFILE Franklin Telecom (A: FCM) DJP: DOW JONES PIR PROFILE Franklin Telecom (A: FCM) Designs and manufactures wide area network and emulation hardware and software subystems. Products include communications devices, high speed LAN, WAN and Telco software. Its products and services are for IBM AT/386 and PS/2 microcomputers used for data communications. Its FNet unit provides Voice over Internet Protocol global Telco services. HQ: Westlake Village, CA IR Phone: 805-373-8688 Analysts 2Q Rev $1.24M +337% YH 5 03/18/99 Cons Rec None 2Q Ern ($1.29M) ... YL 25/64 10/14/98 Q EPS est None TTM Rev $3.02M +119% C 2 1/2 Q EPS est None TTM Ern ($5.13M) ... Annual Dividend None 2Q Op EPS (0.06) Dividend Yield n.a. EPS est None Industry Avg 0.28% EPS est None 3-Yr Div Growth n.a. Op EPS (0.28) P/E Ratio ... Ex Div Date n.a. 5-Yr EPS Growth None Industry Avg 79.12 Payable Date n.a. Industry Avg Projected P/E None Split n.a. Fiscal Yr End 06/30 Shrs Outstanding 24.7M 1-Yr Total Rtrn (15.80%) Book Value 0.12 Float 18.0M Industry Avg 73.90% LT Debt/Equity 0.03 Market Cap $61.7M 3-Yr Total Rtrn 164% Short Interest n.a. Avg Daily Vol 0.07M Industry Avg 325% Current Ratio 1.94 5-Yr Total Rtrn n.a. Beta vs DJEI 0.78 Inst Hldgs n.a. Industry Avg 1185% DJ Industry Code DJI 3 Month Change n.a. Insider Hldgs 27.12% 6 Month Change n.a. TTM 1998 1997 1996 1995 Rev $3.02M $1.38M $1.74M $0.43M $1.48M Ern ($5.13M) ($4.51M) ($2.82M) ($1.53M) ($0.16M) Op EPS (0.28) (0.29) (0.23) (0.14) (0.02) Div n.a. n.a. n.a. n.a. n.a. Shares 18.3M 18.3M 13.2M 10.9M n.a. High/Low 5.00/0.41 7.75/0.41 10.50/1.50 3.00/0.56 2.38/0.38 PE Range n.a. n.a. n.a. n.a. n.a. (Updated 5/19 Sources: First Call, Market Guide For Help, use N/HLP) (END) Dow Jones Newswires 05-19-99 08:26 PM EDT * end of story *

To: Charles Broderick who wrote (425)	5/20/1999 9:57:00 AM
From: David Colvin	Respond to of 2891

From another thread on SI: Analyst sees $60 billion IP phone market By John Borland Staff Writer, CNET News.com January 8, 1999, 4:45 p.m. PT The worldwide market for IP-based telephone service will skyrocket to $60 billion by 2005 as telephone companies make "radical" network changes, according to predictions by a London research firm. The prediction, made by Ovum Research, far outstrips most other analysts' expectations for how quickly telephone companies will replace their traditional infrastructures with Internet-style voice traffic. Senior Ovum analyst Susan Sweet said that pressure from corporations, some of which have already started to adopt Internet Protocol (IP) functions and applications inside their own internal telephone networks, will force the big telcos to pick up the pace in shifting their infrastructure towards IP traffic. "As IP becomes the basis for wide-area corporate communications, so the pressure from corporate customers will grow on telcos to adopt IP in their backbone," Sweet wrote. IP telephony is the use of Internet packet-switching protocols to transmit voice traffic, instead of the traditional network of circuit-switches. The technology has been available for several years, but the quality of calls transmitted this way still ranges widely. Sweet predicted that corporate use of applications such as "unified messaging" services--which integrate voice mail, email, pages, and faxes--and IP-based call centers would help boost the use of IP telephony on private networks and ultimately pressure telephony companies to modify their networks to follow suit. Already, some of the biggest telephone companies have taken steps in this direction. As a part of its merger with Tele-Communications Incorporated, AT&T has said it would start moving its cable based local telephone services towards packet-switched Internet protocols by the end of next year. The company also is pushing IP telephony through its WorldNet Internet service and in relationships with ISPs worldwide. By 2005, the U.S market for IP telephony will have climbed to $29 billion, Sweet forecast. Western European will be close behind, with a market worth $13.5 billion, she said. Other analysts are still less bullish on the speed of this transition, however. "You're talking about radical shift in the way voice is carried", said Bruce Kasrel, a telecommunications analyst with Forrester Research. "That doesn't happen overnight, especially in the telecom industry." Kasrel said he thought it would be two to three years before most of the big telcos begin integrating voice IP infrastructures into their traditional networks, and that it would take another two to three years beyond that for substantial progress to be made. "Even that's probably optimistic," he added. But he said that if the telcos around the world did decide to move quickly, Ovum's bullish figure could be in the ballpark. "If carriers decide that packetized voice transmission is the way to go, then it could be even bigger than that." Analysts noted that consumers would not necessarily notice much difference if telephone companies do change their infrastructure to handle Internet-style voice transmissions. "Does that really matter to consumers?" Kasrel asked. While the cost of phone service might drop slightly due to packet-switched technology's efficiency, consumers would simply still pick up a traditional phone and dial as always, he said. "If the transport mechanism changes, they won't know."

To: Charles Broderick who wrote (425)	5/21/1999 8:00:00 PM
From: Noneyet	Read Replies (2) \| Respond to of 2891

Let's look at some of these tidbits & FACTS before anyone attempts to drag new blood in with nonsense hype about buyouts. Important " FACTS" from a usat 10Q filing made on 5/17/99. Check this out !!!!! ftel.com's biggest customer has some major hurdles to overcome. ftel.com stated it was paid by usat for all the equipment it supplied, but look at this statement by usat from the above filing. >>>>>>>As of March 31, 1999, approximately $3.7 million in equipment purchases and installation costs were in accounts payable as compared to $2.5 million at December 31, 1998, reflecting purchases made pursuant to purchase orders with the Company's primary equipment and service suppliers. Cash on hand at March 31, 1999 was $1,1 million compared to $4.3 million at December 31, 1998.. <<<<<<<<<<<< HOW DOES FTEL.COM COUNT REVENUE ??? Look at ftel.com's product revenue figure below ( Q ending March 31, 1999 ), taken from their 10Q filed 4/29/99. 1999 (UNAUDITED) Sales Product ..................................... $ 3,762,000 THE ABOVE FIGURE IS AWFULLY SIMILIAR ISN'T IT ????? READ THIS LINE AGAIN FROM USAT'S FILING. >>>>>>As of March 31, 1999, approximately $3.7 million in equipment purchases and installation costs were in accounts payable <<<<<<<<<< What gives here ???? usat owes $3,700,000 ( ACCOUNT'S PAYABLE ) and ftel.com recorded that same figure as revenue ???? IS THIS A COINCIDENCE ??????? HOW DID FTEL.COM GET PAID ????? USAT'S TROUBLES START BELOW !!!!!!!! DO YOU THINK THIS MAY BE THE BEGINNING OF THE END FOR USAT ?????? >>>>>>>During the quarter ended March 31, 1999, the Company completed $6.1 million in private debt and equity financing as compared to $9 million for the year ended December 31, 1998. Approximately $20 million in additional capital is needed to fund the Company's planned capital investments and budgeted operating expenses in 1999. The Company anticipates that the required funds will be obtained through the sale of additional equity securities, debt financing and/or equipment lease arrangements. However, the Company's ability to raise capital has been adversely affected by the trading suspension invoked upon it by the SEC from January 29, 1999 through February 12, 1999, and its aftermath, and may be affected by certain pending class actions. The on-going SEC investigation may further hinder the Company from attracting new equity investors and lenders, and there is no assurance that capital can be raised through further equity sales, new credit facilities or other financing on terms that will be acceptable to the Company. <<<<<<<<<<<<<<< Another pertinent quote from usat's 10Q below. >>>>>>>The suspension occurred, according to the SEC, because questions were raised about the accuracy and adequacy of the publicly disseminated information concerning, among other things, the status and extent of the Company's business operations. Although the temporary suspension has ended, the SEC is continuing its investigation of the Company and no assurance as to its outcome can be given. <<<<<<<<<< PAY GOOD ATTENTION TO THE LAST LINE "the SEC is continuing its investigation of the Company and no assurance as to its outcome can be given." In fact this whole section is worth reading from usat's 10Q report. It details all the "lawsuits and investigations" against it. PART II OTHER INFORMATIONITEM 1. LEGAL PROCEEDINGS PENDING OR THREATENED LITIGATION, CLAIMS OR ASSESSMENTS (EXCLUDING UN-ASSERTED CLAIMS AND ASSESSMENTS):