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

To: Mark who wrote (1045)10/9/1998 11:55:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 3299
 
Mark,

After hours means nothing. I believe consensus is .05 and this is the revised est. I have a feeling it will be easily met. I think the forward outlook is more important at this point. Clearly we have seen the worst and the stock price will begin to repair if earnings come in at or above estimates.

Jeff



To: Mark who wrote (1045)10/10/1998 10:48:00 AM
From: charger  Respond to of 3299
 
I think we are witnessing a bottoming process for this stock. Every telecom equipment maker has gotten crushed recently, including LU. It could very easily retest the low at $4, due to a crappy number or market weakness. So it goes to 4, big deal...I feel that the fundamentals of AFCI justify a higher valuation, but the market may not agree...a RBOC win would be HUGE.


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