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

To: elmatador who wrote (3170)	6/18/2001 1:32:37 PM
From: BWAC	Read Replies (2) \| Respond to of 3299

<Tell me how much your investment was valued in April 00 and how much is valued now.> Hold on there. Nobody said AFCI was worth $80 plus per share. It isn't, even though it was valued there at one point. What AFCI used to trade at has nothing, not one thing, to do with AFCI the company and its business or future business. You said earlier that AFCI would fold or implied it would go under. How? They have no debt. They were profitable. They aren't bloated cost wise so they will more than likely lose little during this downturn, and they have cash, $12 per share cash. And no debt. Certainly AFCI doesn't and did not have earnings power to sustain $80. But the business is worth something? And the tangible assets are worth something? Or should all that just be ignored?

To: elmatador who wrote (3170)	6/18/2001 2:41:00 PM
From: lml	Read Replies (1) \| Respond to of 3299

You know, el matador, one can read a lot into someone's psyche just by reading one's comments here. What I've observed on the SI AFCI thread on more than one occasion is your arrogant attitude and dissing of AFCI without ANY evidence to support your conclusions. There is the opposing view that believes in the long term viability of this company and where it has chose to focus its business, as well as confidence in management that is guiding the company to new opportunities while managing risk. A year or so ago, you were clearly proven WRONG. Today, you words about the strength of vendor financing looks quite foolish, don't they? Be honest. I raise the issue of your comments of last year, because they are demonstrative of your lack of understanding of this business despite your professed know-it-all attitude. Now you respond to me with not a fundamental argument, but a stock performance one. Implicit in your assertion is that I have lost my butt on this stock. Keep dreamin' my friend. My average basis in AFCI is in the mid-high teens." I've sold some in the 40s, and wrote many covered calls while the stock traded north of the 65-70 range. Covered calls has been my strategy with AFCI for more than a year now. My June 27.5 calls just expired; and my Sept 30 calls remain outstanding. So you see, when it comes to stock performance, the issue is not as cut and dry as you presume. Clearly, your M-O was to toss an insult my way. Sorry, you missed. If you've been insulted by my previous response, sorry, but you continually earn it by initiating dissing remarks here to those who hold this stock. You're post of last year can now be viewed as pathetic. Schofield's decision to establish a collar on AFCI's CSCO's holding can be viewed as quite brilliant. AFCI's continual in-roads with incumbent carrier business is yet another testimony to the Company's prowess in light of the dissemination that has gone on in the telecom sector. FYI, my only other telecom holding is TKLC, another company that has performed very well in these turbulent times. My basis in TKLC is around 24-25. Yes, I've earned some premium income on this investment as well. In short, elmatador, I haven't lost my butt on ANY telecom investment I've owned over the past couple years. Can you say the same? But, really, why focus on one's stock performance when the issue here is the future of AFCI, which you so proudly claim as non-existent? Your rants seem to emanate from some sort of personal hurt you have recently experienced. Sorry to hear, but its no reason to vent here and diss on AFCI. In short, your statements are not supported in fact, and are certainly guided by a lack of understanding of the Company and the markets it competes in.