AFCI, on fire in after hours trading on this news.
Advanced Fibre Communications Reiterates Fourth Quarter Guidance
PETALUMA, Calif., Dec. 5 /PRNewswire/ --
Advanced Fibre Communications(R), Inc. (Nasdaq: AFCI) announced today that it
is reiterating the guidance it gave on October 24, 2000 during its quarterly
conference call for the third quarter. Specifically, AFC is reiterating its
revenue projections for the fourth quarter of $115,000,000 - $118,000,000 and
says that it is likely that it will meet or exceed its stated earnings per
share projection of $.16.
About AFC
Advanced Fibre Communications(R), Inc. (AFC(R)) designs and manufactures
worldwide broadband access solutions for the last mile. AFC's OmniMAX(TM) is
a global product family consisting of industry-leading multi-service access
platforms with integrated optics and intelligent CPE. AFC's OmniMAX products
can quickly and cost-effectively upgrade legacy networks, ubiquitously
delivering narrowband, wideband and broadband services to all subscribers
regardless of their geographic location from a carrier's central office.
AFC's OmniMAX product portfolio consists of: AccessMAX(TM), a variety of
broadband multi-service access platforms that provide local loop voice, data
and broadband solutions; PremMAX(TM), a series of integrated access devices
that provide integrated voice and data at the customer premises; and
TransMAX(TM), a Sonet/SDH optical transport system for metro ring solutions.
AFC is also a leading designer and manufacturer of environmentally hardened
outside plant cabinets and technology, ranging from 48 to 2,048 lines, as well
as indoor cabinets ranging from 48 to 480 lines.
AFC is a corporate member of NMSDC (National Minority Supplier Development
Council), a member of TIG (Telecommunications Industry Group) and a
participant in the Northern California Supplier Development Council.
Except for historical information contained in this press release, the
foregoing contains forward-looking statements that involve risks and
uncertainties. Rapidly changing technologies and market conditions may
require changes to our products. Actual results may differ materially from
those indicated by such forward-looking statements based on a variety of risks
and uncertainties, including the risks and uncertainties relating to the rate
at which the Company's business will grow, the timely and successful
development, and market acceptance, of AFC's new products and features and a
downturn in the telecommunications industry. The guidance contained in this
press release is based on limited information available to the Company today,
which is subject to change. Although the guidance provided in this press
release may change after today, the Company undertakes no obligation to revise
or update these forward-looking statements after today. Information about
potential factors that could affect AFC's financial results is included in
AFC's current report on Form 8-K and Quarterly Reports on Form 10-Q, which
have been filed with the Securities and Exchange Commission.
NOTE: AFC, the AFC logo and the UMC1000(R) are registered trademarks of
AFC. OmniMAX, TransMax, PremMax and AccessMax are trademarks of AFC. All
other products or service names mentioned herein are the property of their
respective owners.
SOURCE Advanced Fibre Communications, Inc.
/CONTACT: Jeff Finn, Director, Investor Relations ofAdvanced Fibre
Communications, Inc., 707-794-7555, orinvestor.relations@hq.fibre.com/
/Web site: www.afc.com/
Dec-05-2000 21:15 GMT
Symbols:
US;AFCI
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