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To: MikeM54321 who wrote (6554)	3/9/2000 8:35:00 PM
From: MikeM54321	Respond to of 12823

Re: Brain/Brawn- IFCI Insider Registers Intent to Sell Thread- In the FWIW category comes this news via the very active Yahoo message boards. IFCI's CEO Kealy has registered an intent to sell shares. I'm not sure how to read it? After his very enthusiastic CC, it would be pretty bad if he sold shares and IFCI didn't execute well in Q1. OTOH insider selling is disconcerting. Also kind of strange how this got caught on the radar screen of CBS Maketwatch. No one used to pay any attention at all to this previously boring sector. I'm not sure if that's good or bad either.<g> -MikeM(From Florida) ********************** Int'l Fibercom Exec Files to Sell 300,000 shares** Mar 9, 2000 WASHINGTON (CBS.MarketWatch) -- International Fibercom chairman Joseph Kealy filed with Janet Kealy to sell 300,000 common shares of the telecommunications equipment provider, a sale valued at $10 million in the open market, according to a Form 144 the Securities and Exchange Commission released Thursday. Kealy planned to sell the shares during February and March, using Wedbush Morgan Securities as the broker, according to the registration. Phoenix-based International Fibercom provides services and equipment to the telecommunications, cable television and other related industries through nine wholly owned subsidiaries. On Feb. 25, shares hit a 52-week high of 38 1/4. An SEC Form 144 only shows a filer's intent to sell shares. Actual verification of sales, when they occur, is required in later filings. The stock rose 1 1/2 to close at 28 7/8 on Thursday.

To: MikeM54321 who wrote (6554)	5/24/2000 4:26:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Re: Brain/Brawn- International Fibercom Q1 2000 CC Notes Thread- One of my Last Mile indicators, International Fibercom(sym:IFCI) reported strong Q1 2000 results. All in all, nothing indicates any slowing of SP spending in the access networks. Which is one of the key reasons I follow IFCI so closely. There doesn't seem to be much to say beyond their PR. A few things I thought were significant: -They are projecting turning cash flow from operations positive from here on out. -They increased in G&A for their wireless division to $600K from a 1999 level of $100K. -Increase in G&A because they expect significant sales out of their wireless group. Mobile wireless to be exact. This involves their Aerocomm product. -DSO stinks. 90 odd days. Lot's of room for improvement. -Internal growth of Infrastructure Group is 70%. -Top four customers: Cablevision, AT&T, PF.net, Cox They are "extremely" optimistic about the future. So I'm assuming visibility goes beyond their record breaking $195 million in backlog. Keep in mind their ttm revenues are $202 million. -MikeM(From Florida) PS There was an article in today's WSJ that is negative for IFCI. It's about an Aerocom competitor, Concourse Communications Group LLC, getting wireless business from NYC Port Authority. ___________________________ International FiberCom Reports Record First Quarter Revenue and Net Income First Quarter Revenues Up 114% to $59.6 Million; Net Income Up 58% to $3.5 Million Backlog Grows to $195 Million PHOENIX--April 25, 2000--International FiberCom, Inc Tuesday announced record revenues and net income for its first quarter ended March 31, 2000. Revenues for the 2000 first quarter rose 114 percent to a new quarterly high of $59.6 million, compared to revenues of $27.9 million in the first quarter of 1999. Net income for the 2000 first quarter also reached a record, increasing 58 percent to $3.5 million, or $0.12 per basic and $0.11 per diluted share. This compares to net income of $2.2 million, or $0.08 per basic and diluted share, for the year earlier period. Chairman & CEO Joseph P. Kealy commented, "The market for broadband services continues to grow very quickly, more quickly in fact than the infrastructure builds currently in process. Since the beginning of the year, we have announced more than $98 million in significant new contracts, while revenues for the first quarter were approximately $60 million. As a result, our backlog increased, reaching $195 million as of March 31, 2000. "At the same time," Kealy continued, "our agility in engineering and technology solutions gives us the ability to expand services geographically, whether domestic or international. And, perhaps more important, the potential applications for our technology solutions designed to enable and enhance wireless connectivity continue to increase. Major companies are continuing to conduct beta tests of these technologies[assuming this is Aerocom], and we are continuing to invest resources into research and development activities." For the first quarter of 2000, revenues in the company's core Infrastructure Development and Services group increased more than 170 percent to $52.4 million, when compared to last year's first quarter revenues of $19.4 million. Overall gross margin for the Infrastructure Development and Services group increased to 30 percent, compared to gross margin of 28 percent in the 1999 first quarter. First quarter 2000 gross margin for this group was $15.9 million, up more than 192 percent from Infrastructure Development and Services gross margin of $5.5 million in the first quarter of 1999. Kealy added, "The demand for the network design engineering and installation services provided by our Infrastructure Development and Services group has never been stronger. Not only did revenues reach an all-time high during this year's first quarter, but we were also able to increase our gross margins in this group because of our improved operational controls and the larger and longer-term contracts we secured from both current and new customers."

To: MikeM54321 who wrote (6554)	8/29/2000 3:22:11 PM
From: Frank A. Coluccio	Read Replies (2) \| Respond to of 12823

Mike, In keeping with the idiom commonly referred to here as "Brain/Brawn," where do you place Wireless Facilities Inc. (WFII), one of George Gilders favorites in his August Newsletter? And keeping within the context of towers and wireless designs and buildouts, who are their competitors? Curious. These are not areas that I frequent much, but given that wireless is poised to make its broadband showing very soon I think it'll be an area of great interest going forward. Similar to your brain-brawn comparisons of the wireline genre up until now. Elmat, I'd be interested in your (and others') opinions on this topic, as well. FAC