Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E_K_S who wrote (2057)	3/31/1999 9:09:00 PM
From: Nam, Ki Hyung	Respond to of 3299

Look at the Motley Fool's news!!! The Motley Fool's Market Movers (Heroes) The Motley Fool - March 31, 1999 18:21 March 31, 1999/FOOLWIRE/ Telecommunications equipment maker Advanced Fibre Communications (Nasdaq:AFCI) finally got some goods news today -- or at least some good rumors -- and gained $2 3/32 to $9 19/32. Driving the stock's rise was speculation that the company may be close to naming a new CEO and closing a big contract with a Regional Bell operating company, perhaps San Antonio, Texas-based SBC Communications (NYSE: SBC). Advanced Fibre has been sliding since last July,when an earnings warning chopped its share price in half in one day. Simultaneously, the firm's CEO called it quits and his office has been vacant ever since. In the meantime, the acquisition rumors that had followed the company around like a lonely puppy over last year have died down,largely because many of the most frequently named potential acquirers have been gobbled up themselves as part of the ongoing datacom-telecom convergence trend. NAM

To: E_K_S who wrote (2057)	3/31/1999 9:09:00 PM
From: orson sanderson	Respond to of 3299

Interesting Eric. As always, seeing the real contract is what counts. Can AFCI be that hot?

To: E_K_S who wrote (2057)	4/5/1999 1:13:00 AM
From: SteveG	Read Replies (2) \| Respond to of 3299

NBMO from last week: UPDATE ON AFCI; MAINTAIN BUY We received an update from AFCI management on the quarter and outlook yesterday. Highlights include: - AFCI remains comfortable with the range of analysts' estimates for 1Q99: sales of $60M to $67M and EPS of $0.03 to $0.04. We are modeling $0.03 on $65M. - Evaluation of the UMC-1000 continues at the company's target RBOC (SBC), and AFCI believes a qualification announcement by mid-April remains reasonable. Lab trials have been completed, and 25 systems are now in first-office applications - the final stage of field trials before product acceptance is completed. Qualification at this account would give the UMC-1000 a credibility boost and probably contribute more to a higher valuation for AFCI than any other anticipated event. - Considerable progress has been made on the search for a new CEO, and we understand an introduction could be made by the time AFCI announces March results. The appointment of a new and permanent CEO would help lend the company a sense of improved stability; a consideration that would be well received by both customers and investors. - We continue to recommend AFCI to investors with a long-term focus. The company offers strong product technology and is an attractive acquisition candidate, particularly at its current depressed valuation (20x forward 12-month EPS). We continue to caution, however, that visibility into near-term results is limited. We rate this stock BUY, with a $17 year-end price target. Anyone wanting NBMO's 3 year model, email me. And fwiw, ML went restriced on AFCI recently.