Advanced Fibre (AFCI) ** IPO Message Board

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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: KM who wrote (1874)	2/28/1999 1:45:00 AM
From: nick cash	Read Replies (2) of 3299

<Does anyone know how the presentation went yesterday afternoon?> imagine how bad it could go....... it went worse. it is unbelievable that they blindsided the street/investors/money managers like this. complete bullshit and........ they still don't get it. 2 weeks ago they gave guidance that intl was going fine. the breakout after the presentation was confrontational. the crowd around the podium after the breakout was marked by 'tough shit' answers from afci and portfolio managers walking away swearing not-so-under their breath. you don't pre-announce an earnings miss to one preferred analyst in a one on one. unbelievable. these jokers are pushing the term moron to the brink. apparently they were honour graduates in 'how to piss off wall street' 101. beyond that, the news was obviously leaking out to their mci circle (friends and family) at the same time that they were telling the street all was fine (just look at the chart and you'll see the informed $ fleeing for a couple of weeks). from my research, they have very good technology, support their customers well and have a happy customer base. i'm starting to question my research; as i can't believe a company can be this clueless with investors and not be messed up in other areas. i am without clue one now as to the fundamental strength of the business; as i now have to question everything that mgmt tells me. all of this said, i still own this pig; as i refuse to sell @ these levels. thankfully i'm in @ 6. i still think that there's value here but their credibility is nil right now. lots of burned bridges to rebuild.... i think this tirade has gone on long enough.... all imo only.... nick

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