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

To: PMylnar who wrote (287)	1/29/1998 10:30:00 AM
From: Michael H. Dragon	Read Replies (1) \| Respond to of 3299

With earnings due out today I'm wondering if it might not be prudent to take a little off the table.FWIW I went back into a few of the oil stocks yesterday,do,rig,wii, and ne. Mike

To: PMylnar who wrote (287)	1/29/1998 8:00:00 PM
From: Clam Clam	Read Replies (2) \| Respond to of 3299

Well, my guess is AFCI opens up and closes down tomorrow. This is based on one primary reason, earnings estimates will not go up materially. There might be some tweaks but $.75-.80 is plenty aggressive for 1998. As far as I am concerned, there were no surprises. Everything I was predicting came through. $.17, guidance of flat to slightly up Q1 and a deteriorating balance sheet. Management is executing but business is not accelerating and will decelerate unless this team goes to work over the next 6 months. Also, I worry about DIGI being acquired. Such an event would make AFCI stock drop $4, instantly. Anyway, we shall see what happens...