Advanced Fibre (AFCI) ** IPO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Fibre (AFCI) ** IPO

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Jordan who wrote (1147)	10/22/1998 8:07:00 PM
From: KM	Read Replies (1) of 3299

Commentary on AFCI (From Street.com)" Boost for Advanced Fibre? Volpe analyst Tim Savageaux emerged from Advanced Fibre Communications' (AFCI:Nasdaq) breakout session Thursday to urge his company's sales force to promote the stock. Why? It appeared that the telecom supplier might land some badly needed new business with an unnamed Baby Bell in early 1999, an analyst said. Asked how certain the new contract was, Savageaux said only, "It looks pretty good." (Volpe has underwritten offerings for Advanced Fibre.) With its stock down 84% since late June, Advanced Fibre could use a little help. Savageaux said the potential contract could boost earnings for the maker of copper-wire network gear. Savageaux projects Advanced Fibre's 1999 earnings to rise to 75 cents a share from an estimated 59 cents in 1998 and 1999 revenues to rise by 29% to $233 million. Advanced Fibre declined to comment. The company's stock rose 1 3/4 or 25% to 8 3/4.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next