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

To: David Busch who wrote (1264)	12/7/1998 3:34:00 PM
From: esterina	Respond to of 3299

I will try and find a link, but it was in Barons about 4 weeks ago. Lots of volume and accumulating. I hope we'll hear some bigger news soon. Volume looking great and strong.

To: David Busch who wrote (1264)	12/7/1998 3:41:00 PM
From: esterina	Read Replies (1) \| Respond to of 3299

Topic of broadband digital technology conference in Washington will help this stock. ON CNBC now talking about Washington pushing all this new technology. Ciena moving today and ASND taking off. We will have our day soon! I wouldn't be surprised of a buyout either.

To: David Busch who wrote (1264)	12/7/1998 11:55:00 PM
From: esterina	Read Replies (1) \| Respond to of 3299

Sorry for taking so long. This is the link for the Barrons article on Advanced Fibre. November 9th (Tough Techs) Q: What else do you like, Roger? McNamee: Out-of-favor equipment stocks, like Advanced Fibre Communications. Q: Out-of-favor does not even begin to explain what's happened to Advanced Fibre. McNamee: And ditto for Ciena. Both of those companies, though, are well positioned. We also own a lot of EMC, which sells storage infrastructure for the network. Q: Both Ciena and Advanced Fibre have been so badly beaten down -- might either company end up getting acquired? McNamee: I don't have a clue. All I know is, they serve really big markets and have tremendous growth opportunity. They're certainly well enough positioned that it's easy to imagine another company coming in and acquiring them. But you don't need that to make them interesting stocks. Q: Kevin, you own those stocks, too. Landis: Both of them. Let's talk about Ciena for a moment. One of the sea changes in technology is the move toward photonics -- the use of light to carry information over optical fiber. Fiber carries long-distance calls, and most of the miles traveled by your E-mail. The evolution of networks is one of cannibalization -- and in photonics, Ciena is one of the pioneers. Q: Roger mentioned EMC. Paul, that's been your biggest position for years. Wick: We've owned it for about six years. EMC is doing extraordinarily well for a couple of reasons. One, the fact that storage has become strategically important. It's one of the few areas that's not going to be subject to cuts in capital spending over the next year. Companies are cutting back on discretionary spending, and projects with long lead times, like ERP software. But they continue to run their businesses and keep records. So they continue to add storage.