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Technology Stocks : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (3146)1/24/2001 11:23:07 AM
From: Nevin S.  Respond to of 3299
 
BWAC, you are correct in your assertion about analysts ignoring the cash that AFCI has sitting on the balance sheet. I think the reason for the downgrades was simply a knee jerk reaction to deteriorating market conditions and questions surrounding the roll out of DSL services. Its easy to be a pessimistic analyst in a down market.

To say that AFCI's "businsess" is worth only $6/shr like the market seemed to be saying just too days ago is just ludicrous.


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