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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: Sandie who wrote (1081)10/13/1998 6:11:00 PM
From: PaperChase  Read Replies (3) of 3299
 
>>We are sliding down the quality chain to CLECs and emerging markets.<<

Folks. Take a look at AFCI's accounts receivable turn. AR @ $78MM with sales at $66MM. You are going to see an A/R write-down next quarter of at least $15 million. Don't let management explain away what the numbers are telling you.
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