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Technology Stocks : AVCI

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To: G_Barr who wrote (111)8/21/2001 3:04:34 AM
From: Johnny Canuck  Read Replies (1) of 190
 
G,

Thanks, I was not sure of the delist conditions.

This stocks is getting beaten down pretty badly with the rest of the sector like CORV, MRVC, LMNE, OCPI, CIEN etc...

They had 167.2 million in cash when they reported. They have a 20 to 25 million dollar burn rate per quarter as per management. That give them about 142 mil a the end of this quarter. There are 49.1 mil shares outstanding, so that give them $2.89 per share cash. That is about a 25 percent premium over the cash asset value of the company share.

The 10 percent sequential growth over the strong last Q appears to be what is hurting this company. As a momentum play, no one pays for slowing sequential growth.
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