Just a guess, but I would say that it was related to options expiration,
this being a triple witching Friday, however one really never knows.
BTW, I am a newby to AFCI, I started a position today. There has
been some talk about the Sprint news, and in my opinion, I would
think that AFCI has a nice piece of business out of this. If you
follow the press releases then you will see what I mean. On 10/09/98
AFCI released that their next generation DLC, or the UMC 1000, had
been standardized at Sprint for ( HIGHER DENSITY) line size apps.
This was tied in with a 2 1/2 year national distribution contract for
local exchange networks. Now then when they released last quarter's
numbers, there was a brief about (Domestic local exchange) business
looking up. So now you have Sprint announcing that they will deploy
a local broadband, integrated (ON-DEMAND) network. I may be
wrong but I read a nice piece of business into this for AFCI, not to
mention the fact that they are also involved with Source-net for a
new (ON DEMAND) network. I believe their future looks pretty good.
Now if Asia comes back on line next year, things will definitely look
up.
Best to all
Henry |
