Advanced Fibre (AFCI) ** IPO Message Board

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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: PMylnar who wrote (287)	1/29/1998 8:00:00 PM
From: Clam Clam	Read Replies (2) of 3299

Well, my guess is AFCI opens up and closes down tomorrow. This is based on one primary reason, earnings estimates will not go up materially. There might be some tweaks but $.75-.80 is plenty aggressive for 1998. As far as I am concerned, there were no surprises. Everything I was predicting came through. $.17, guidance of flat to slightly up Q1 and a deteriorating balance sheet. Management is executing but business is not accelerating and will decelerate unless this team goes to work over the next 6 months. Also, I worry about DIGI being acquired. Such an event would make AFCI stock drop $4, instantly. Anyway, we shall see what happens...

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