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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: M. Frank Greiffenstein who wrote (1387)	11/18/1998 8:42:00 PM
From: advinfo	Read Replies (1) \| Respond to of 3541

*The fact is, I am very interested in Internet infrastructure plays rather than betting on the Internet retailers. IFCI is the only pure play on the service side of Internet infrastructure.* Forgive me for jumping to conclusions, but you sure had a unique way of expressing your interest initially.

To: M. Frank Greiffenstein who wrote (1387)	11/18/1998 8:47:00 PM
From: david james	Respond to of 3541

Was listening to the conference call again (1-800-611-0653 code 1422) and thought I would listen for anything that might have encouraged some of the selling. The CEO was saying that he was comfortable with the general range of 45 cents - but sounded like that before the two cent charge - so more like 43 cents (168% growth) - or 12 cents for the quarter. That compares to 4 cents last year (before acquisitions), so it looks like they are forcasting growth of only 200% rather than the 247% shown on Yahoo. biz.yahoo.com (It also looks like they almost have the P/E and earnings right in the Yahoo/market guide link - biz.yahoo.com but I believe it should read at least 35 cents earnings for the trailing 12 months after charges) So there may have been some selling in anticipation of the drop in the quarter's estimates - and it snowballed a bit (as mentioned, we are trading at a P/E of under 11 on 1999 expected earnings). However, at the same time we see the change in expected earnings for the quarter we should see an increase in earnings expected for the year. And Kealy was comfortable with that range of 70 cents for 1999 (63% growth over 43 cents). That's based on internal growth, and could be higher with acquisitions ($150 mill in revs expected without acquisitions but could be closer to $250 mill with the expected acquisitions). Gross margins are at about 33% (Can TAVA get anywhere near that?) and are expected to remain in that range next year. Taxes will be a bit higher next year, but are expected to be fully offset by a reduction in G & A after the acquisitions are brought into the fold. Riley has expected contracts in the range of $40 mill but so far, only $10 mill have been announced. So sounds like we should expect at least another $30 mill in contracts over the next year from them alone.