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

To: Douglas V. Fant who wrote (1913)	3/3/1999 3:45:00 PM
From: Henry L. Farmer	Read Replies (1) \| Respond to of 3299

Hi, This is probably old news, but thought those who hadn't seen it might find it interesting, still rated buy even with international sales drop. ** Hambrecht & Quist Hambrecht & Quist Hambrecht & Quist ** Firm: Hambrecht & Quist Date: 2/24/99 Research Meeting Note Advanced Fibre Communications (AFCI) BUY $9.88 FY98 A: 0.34 FY99 E: 0.38 Reggie King BBRS Conference Preview Advanced Fibre Communications is scheduled to present at the BBRS Conference this afternoon, after the close. We believe that the tone of this presentation will be somewhat less than optimistic. We feel that international sales for the quarter remain sluggish. Consequently, we are lowering, our low-end of the Street, March quarter estimate from $0.03 EPS on $70.1M in revenue to $0.03 EPS on $70.1M in revenue.