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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: E_K_S who wrote (2044)3/31/1999 1:11:00 PM
From: David Busch  Read Replies (1) of 3299
 
AFCI stock activity has hit the Dow Jones Newswire. Nothing really new. The highlights of the article:

Activity today is probably based on the rumor that a new CEO naming is imminent, according to analyst David Karson of Black & Co. in Portland, Ore.

Karson and "unnamed analysts" also mentioned the "widespread expectations" about the possible contract with one of the Baby Bells, probably SBC ... An announcement of such a contract would be "an important financial and strategic milestone, analysts said."

Company officials have no comment (of course).

Another brave unnamed analyst went out on a limb with the following:

"The fact that the company has reached the end of the first quarter without announcing an earnings letdown has helped some investors gain confidence that the company's first quarter will at least match estimates, said one analyst who asked to remain anonymous."

So all in all nothing to get real excited about -- still rumor and no news.

Long and holding ....
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