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

To: detroit denny who wrote (442)	5/22/1999 10:44:00 AM
From: mark garner	Read Replies (3) \| Respond to of 2891

regarding FCMs revenues and USAT. some would like the readers here to believe that FCM has not gotten paid by USAT. this is simply NOT TRUE. FCM only records revenue after it has been paid for and shipped. call the company. they will verify this. as far as an earlier post is concerned, i will reproduce part of it so that it can be easily seen that USAT paid... >>>>>>>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.. <<<<<<<<<<<< as ANYONE can easily see, USAT's cash position decreased by 3.2 million from Dec to March. where did that money go? Easy..to FCM. FCM stated that they had a 2.6 million dollar backlog at the end of March. now, it is possible that some of this is USAT contracts not delivered or paid for. dont believe the negative BS here. relatively speaking, FCM is kicking butt and continues to do so. i believe that a lot of good things are happening behind the scenes and will come out over the next few months. plus, dont forget about Vodavi. this was a new agreement and will contribute greatly over the course of the contract, IMO.