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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: KM who wrote (556)7/1/1998 9:51:00 AM
From: SteveG  Read Replies (2) of 3299
 
Falling knife

CEO doesn't resign for nothing. China weakness due to AFCI specific issues such as internal mgmt reshuffling - lower business at GTE - (major problem is slower penetration of RBOCs) company needs to restructure itself to sell to large carriers (needs to accelerate R&D)

estimates are getting halved around the the street with many downgrades, some 2 rating levels.

Careful, could get worse.
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