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

To: Ausdauer who wrote (1375)	12/14/1998 2:21:00 PM
From: Roy F	Respond to of 3299

Advanced Fibre Communications Announces New Chief Operating Officer December 14, 1998 02:18 PM PETALUMA, Calif., Dec. 14 /PRNewswire/ -- Advanced Fibre Communications, Inc. AFCI announced today the promotion of Greg Steele to Chief Operating Officer, reporting to Don Green, Chairman and Chief Executive Officer. Mr. Steele was Vice President of Marketing for AFC until this promotion. He has been with the Company over four years and had served as Vice President of Operations prior to his most recent position. Mr. Steele worked at a variety of positions for Digital Switch Corporation prior to joining AFC in 1994. As COO Mr. Steele will have responsibility for Marketing, Domestic and International Sales, Manufacturing, and Customer Service organizations. "Greg has proven his leadership abilities in his past and current roles at AFC," said Don Green, AFC Chairman and CEO. "We believe he is an excellent choice as COO due to his varied background within AFC, and the Company should benefit greatly from the focus, commitment and talent Greg can bring to bear in critical areas of our organization. This event should significantly strengthen our management team." AFC is a leading manufacturer of telecommunications systems for the "local loop" between telephone service users and public telephone networks worldwide. AFC has pioneered a single platform that supports any network, any transport, and any service. AFC's flagship product, the UMC 1000(TM) 3rd generation digital loop carrier(TM) (3GDLC) provides any service from POTS to xDSL over copper, fiber, coax and radio transport media. Certain statements in this press release are "forward-looking statements" regarding the intent, belief or current expectations of the Company and its management. Actual results could differ materially from those indicated by such forward-looking statements as a result of a variety of factors including those factors set forth in Management's Discussion and Analysis of Financial Condition and Results of Operations on page 14 of the Company's 1997 Annual Report, and the Company's 10-K, and latest 10-Q, as filed with the Securities and Exchange Commission. SOURCE Adanced Fibre Communications, Inc.