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

To: E_K_S who wrote (1968)	3/11/1999 9:17:00 PM
From: E_K_S	Read Replies (2) \| Respond to of 3299

Advanced Fibre Communications (AFCI) ECI TELECOM LTD denied it was in talks to acquire ADVANCED FIBRE COMMUNICATIONS. "We know AFC but we haven't had negotiations. We don't have any such deal and we don't intend to," ECI CFO Doron Inbar told Reuters in response to a report in the daily newspaper Ma'ariv on Thursday morning. "We are in contact with a few companies, but AFC is not one of them," Inbar said, saying any dicussions were at a preliminary stage. ECI has been looking for a U.S. acquisition that would complement its core business in digital telecommunications and data transmission. Analysts said the goal was to win access to the American market rather than acquirng technology. The United States accounts now for about a quarter of ECI's revenues. (Reuters 06:06 AM ET 03/11/99)