The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JustInTime who wrote (10660)	1/30/1999 7:18:00 AM
From: JustInTime	Read Replies (1) of 90042

More AFCI info, recommended as a buy on MSN Jubak column: moneycentral.msn.com New Developments on Past Columns Picking up on telecom mergers Nothing earth-shattering in Advanced Fibre Communications' (AFCI) Jan. 26 earnings report, but when you're a company still recovering from a near-death experience, dull is good. Fourth-quarter sales were below the same period a year earlier, but they climbed 12% from the third quarter -- the first meaningful sequential increase since the fourth quarter of 1997. At 8 cents a share, earnings beat analyst estimates by 3 cents. I think Advanced Fibre Communications continues to make a comeback (although I'd sure like the company to find a great, permanent CEO). I'm upping my October 1999 price target on the stock to $18 a share from the current $15 target.

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