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

To: CChalmers who wrote (1633)	1/19/1999 9:15:00 PM
From: david james	Read Replies (1) \| Respond to of 3541

CChalmers, The fundamentals of IFCI and ABTE are similar as I posted last month (along with MFNX and WCOM) post.messages.yahoo.com@m2.yahoo.com I am pretty happy that I got into ABTE at 5 1/2, but I've added to my position and think it can still double from here. One of the reasons is that there is almost a quarter of the outstanding shares short and institutional buying was heavy last quarter. viwes.com I got into ABTE when I discovered that Fidelity Select Telecommunications purchased over 1 million shares (9% of the outstanding shares). Both IFCI and ABTE should be trading right now at the very least a P/E of 20 on 1999 earnings. That would be a price of $12 for IFCI and $18 for ABTE. The weakness of ABTE is that they bought MFS Network from WCOM without the cash at hand. And they had probably planned on using shares when Assensio showed up and hammered the stock down with his shorting. So they were forced to resort to some unusual financing arrangements. Well, now Kaufman, Fidelity and the longs have Assensio on the run. MFS also has arranged to get 15% of the continuing revenues on some of their EZ Pass construction. And we are expecting some announcements on the financing soon, along with earnings (which may be out this week). The danger with IFCI is the numerous acquisitions and the potential problems that might uncovered after bringing them into the fold. In both cases, as the uncertainties are reduced, I would expect the P/Es to approach the growth rates (closer to a forward P/E of 40). In both cases, the companies are working in a very high demand area with few companies having the scope to handle the big jobs. With Time Warner, US West, AT@T, Cox, @Home, etc each promising to invest billions in the next couple years in increased bandwidth and services, there will be no reduction in available contracts. This allows them to demand high margins. Both are great investments. Time for the President's speech .... David