Advanced Fibre (AFCI) ** IPO Message Board

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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: MikeM54321 who wrote (3025)	6/30/2000 9:21:11 PM
From: Maverick	of 3299

CSFB reits BUY, 2Q00 is better than expectation Advanced Fibre rebounds By Debra McGarry, CBS Marketwatch Last Update: 5:47 PM ET Jun 28, 2000 NewsWatch Latest headlines PETALUMA, Calif. (CBS.MW) - Advanced Fibre Communications’ shares rebounded 13 percent Wednesday after an analyst said concerns the company may lose business from a key customer are unwarranted. Today on CBS MarketWatch Nasdaq, Dow rally to close higher IPOs: StorageNetworks, Exfo surge Workshop examines B2B concerns Due Diligence: Stan Lee muscles in on online comics market TechWatch: Both sides at fault More top stories... CBS MarketWatch Columns Updated: 6/30/2000 4:06:02 PM ET The stock (AFCI: news, msgs) improved 5 7/8 to close at 48 9/16 on volume of 7 million shares. On Tuesday shares of Advanced Fibre fell after rival Harmonic (HLIT: news, msgs) warned its second-quarter earnings will be below Wall Street expectations in part because of a slowdown in sales to AT&T. See related story. Credit Suisse First Boston analyst Reginal King said investors were concerned that Advanced Fibre may be losing Winstar Communications (WCII: news, msgs) as a strong customer. “These concerns and Advanced Fibre’s stock decline Tuesday were unwarranted, “ said King. King reiterated a “buy” rating on Advanced Fibre and said the company’s June quarter is progressing somewhat better than previous expectations. Visibility continues to improve and Advanced Fibre’s relationships with all its major customers remain strong, King said. CS First Boston estimates Advanced Fibre will make 9 cents a share on revenue of $92 million in the second quarter. The average estimate of analysts polled by First Call is 10 cents a share. The company is slated to release quarterly results July 17. The Petaluma, Calif. -based company makes telecommunications switching and transmission equipment

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