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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?

To: JW@KSC who wrote (31000)	7/6/1998 1:01:00 PM
From: Eric Goethals	Read Replies (2) \| Respond to of 31386

Hi Jim, I'm wondering what your fire situation is like compared to the California fires we had many years back. 90 deg heat, 50 Mi/hr Santa Ana winds and pyromaniacs running around all over the place. Our swimming pool had 2in of ash in the bottom every day for a week. Pool cleaners were at a premium that year. (I will refrain from any jokes since I know smoke signal/DSL analogies are not allowed here) -Eric Wohl & Entwistle LLP Files Securities Fraud Class Action Against Advanced Fibre Communications, Inc. and Certain of its Officers and Directors Snip The complaint alleges that defendants' false and misleading statements about strong sales of Advanced Fibre's telecommunications products, continuing strong sales to one of its largest customers (GTE), its strong and growing sales in China and its success in penetrating Bell Atlantic, Bell South, U.S. West, Ameritech and SBC (the ''Baby Bells'') and the strong continuing growth in demand for its products over the next several years which would result in 35%-50% earnings per share (''EPS'') growth for Advanced Fibre during 98-99, artificially inflated Advanced Fibre stock to a Class Period high of $44-3/4 in April 1998. Advanced Fibre's insiders sold 3.6+ million shares of their Advanced Fibre stock at as high as $44 for $128 million in proceeds. On June 30, 1998, just weeks after Advanced Fibre's stock hit its all-time high, Advanced Fibre revealed that, due to weak sales in China, delays in delivering a new product to Chinese customers, a lack of Asian distributors, virtually non-existent sales to GTE and slower-than-anticipated sales to the Baby Bells, its second quarter 1998 results were going to be much worse than earlier forecast and that its 1998 EPS would likely decline from 1997 levels. Advanced Fibre's stock fell from $40- 1/4 to $16-3/4 on July 1, 1998, a 58% one-day decline on volume of 31 million shares, by far the largest one-day price decline and the largest one-day volume in Advanced Fibre's history. Snip biz.yahoo.com

To: JW@KSC who wrote (31000)	7/6/1998 11:17:00 PM
From: pat mudge	Respond to of 31386

I wonder if Pat knew Newbridge was invested in Juniper? No, and I'm now wondering if this is the cause of CKEYF's share decline today. Sounds as though it's encroaching on some of its territory. Did you see the CIR report I posted on TXN and NN threads? Says digital TV will cause the telecom equipment cos to prosper b/c telcos will have to upgrade to technologies including ADSL. Think they've been reading the Amati archives???? <G> Later --- Pat