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Advanced Fibre Communic. (AFCI) Message Board

  • mot_Mouth mot_Mouth Oct 23, 1998 3:01 PM Flag

    Bell Contract Seen! DJ NEWS!

    NEW YORK (Dow Jones)--Shares of Advanced Fibre
    Communications Inc. (AFCI) rose for a second day Friday after
    the company said it is close to signing a major
    contract.
    The Petaluma, Calif., telecommunications
    equipment maker said Thursday at a conference sponsored by
    Volpe Brown Whelan & Co. that it is near to signing a
    contract with one of the regional Bell companies. It
    didn't identify the Bell.
    The contract could bring
    the company $100 million in revenue each year for
    three years, Volpe Brown analysts Timothy
    Savageuax
    and Frank LaPlaca said in a subsequent research note,
    in which they upgraded their investment rating on
    Advanced Fibre's stocl to buy
    from neutral.
    News
    of the possible Bell contract lifted Advanced
    Fibre's shares 25% Thursday and another 7/16, or 5% to 9
    3/16 earlier Friday in very heavy Nasdaq trading. The
    shares hit a 52-week high of 44 3/4 on April 20 and a
    52-week low of 4 1/32 on Oct. 7.
    A company
    spokeswoman confirmed that executives said a Bell contract is
    on the horizon. She declined to comment on the
    stock
    activity.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Volpe brown raised it to a buy with a twelve month price target of $15...
      http://quote.bloomberg.com/analytics/bquote.cgi?story_num=634402811&view=story&v
      ersion=front.cfg

    • Advanced Fibre Gains For 2nd Day; Bell Contract
      Seen

      By Shawn Young

      NEW YORK (Dow
      Jones)--Shares of Advanced Fibre Communications Inc. (AFCI) rose
      for a second day Friday after
      the company said it
      is close to signing a major contract.

      The
      Petaluma, Calif., telecommunications equipment maker said
      Thursday at a conference sponsored by Volpe Brown

      Whelan & Co. that it is near to signing a contract with
      one of the regional Bell companies. It didn't
      identify the Bell.

      The contract could bring the
      company $100 million in revenue each year for three
      years, Volpe Brown analysts Timothy
      Savageuax and
      Frank LaPlaca said in a subsequent research note, in
      which they upgraded their investment rating on

      Advanced Fibre's stocl to buy from neutral.

      News
      of the possible Bell contract lifted Advanced
      Fibre's shares 25% Thursday and another 7/16, or 5% to 9
      3/16 earlier
      Friday in very heavy Nasdaq trading.
      The shares hit a 52-week high of 44 3/4 on April 20
      and a 52-week low of 4 1/32 on
      Oct. 7.

      A
      company spokeswoman confirmed that executives said a Bell
      contract is on the horizon. She declined to comment on

      the stock activity.

      The Volpe Brown report
      said Advanced Fibre has done significant business with
      Ameritech Corp. (AIT) and also has
      "minor penetration"
      into BellSouth Corp. (BLS) and Pacific Bell, a unit of
      SBC Communications Inc. (SBC). A major
      contract
      with one of the Bells would help restore investor
      confidence in the company's competitive postion, the
      analysts
      said.

      In addition, they said, the
      company's appearance at the firm's Internet and
      Communications conference included "a
      powerful and detailed
      presentation aimed at a range of corrective actions to address
      near-term operating challenges," the
      Volpe Brown
      analysts said.

      On Oct. 13, Advanced Fibre reported
      third-quarter revenue of $66.5 million, down from $76.8 million
      a year ago. Net
      income fell to $2.15 million,
      or 3 cents a diluted share, from $10.8 million, or
      14 cents in the year-ago period. The results

      fell short of the First Call Corp. consensus estimate
      of 4 cents.

      -By Shawn Young;
      201-938-5248

      shawn.young@cor.dowjones.com

    • i couldn't not find this news anywhere on the
      wires.
      good try motley mouth.

      the first sign of the
      ruse was no time or date on this
      supposed
      release.

      go AFCI

      Down
      Down
      Down

      • 3 Replies to updownandaround
      • Actually the ruse wasn't bad. However, it is not
        the lack of a date or time that makes it
        unbelievable. Usually only PR releases have such information.
        It is not at all unbelievable that a Dow Jones
        article would leave this out. In fact it was even written
        fairly well, and in most cases in the correct journalism
        standard AP style. However, there were a few typos that DJ
        would not have allowed to get through.

        And, the
        stock would have reacted...and held.

        Don't get
        me wrong...I'm holding even if it doesn't close at 9
        (which I hope that it will) because I know the potential
        that this stock has. I'm greedy, but I've researched
        the company enough to be rationally confident as
        well.

        Once the stock breaks ten and holds...it's all over.
        Cause this baby is gonna make us a fortune.

        Give
        it a couple of weeks os steady growth and some
        downsides first.

      • The article is for real Pull off the
        WSJ...

        Advanced Fibre Gains For 2nd Day; Bell Contract Seen


        By Shawn Young

        NEW YORK (Dow
        Jones)--Shares of Advanced Fibre Communications Inc. (AFCI) rose
        for a
        second day Friday after the company said it
        is close to signing a major contract.

        The
        Petaluma, Calif., telecommunications equipment maker said
        Thursday at a conference sponsored
        by Volpe Brown
        Whelan & Co. that it is near to signing a contract with
        one of the regional Bell
        companies. It didn't
        identify the Bell.

        The contract could bring the
        company $100 million in revenue each year for three
        years, Volpe
        Brown analysts Timothy Savageuax and
        Frank LaPlaca said in a subsequent research note, in
        which
        they upgraded their investment rating on Advanced
        Fibre's stocl to buy from neutral.

        News of the
        possible Bell contract lifted Advanced Fibre's shares 25%
        Thursday and another 7/16,
        or 5% to 9 3/16 earlier
        Friday in very heavy Nasdaq trading. The shares hit a
        52-week high of 44
        3/4 on April 20 and a 52-week low
        of 4 1/32 on Oct. 7.

        A company spokeswoman
        confirmed that executives said a Bell contract is on the
        horizon. She
        declined to comment on the stock
        activity.

        The Volpe Brown report said Advanced Fibre has
        done significant business with Ameritech Corp.

        (AIT) and also has "minor penetration" into BellSouth
        Corp. (BLS) and Pacific Bell, a unit of SBC

        Communications Inc. (SBC). A major contract with one of the
        Bells would help restore investor
        confidence in the
        company's competitive postion, the analysts said.


        In addition, they said, the company's appearance at
        the firm's Internet and Communications
        conference
        included "a powerful and detailed presentation aimed at a
        range of corrective actions to
        address near-term
        operating challenges," the Volpe Brown analysts
        said.

        On Oct. 13, Advanced Fibre reported third-quarter
        revenue of $66.5 million, down from $76.8
        million a
        year ago. Net income fell to $2.15 million, or 3 cents
        a diluted share, from $10.8 million, or
        14
        cents in the year-ago period. The results fell short of
        the First Call Corp. consensus estimate of 4

        cents.

        -By Shawn Young; 201-938-5248


        shawn.young@cor.dowjones.com

      • Did'nt you say something like this before Updownandaround?
        I'm buying.
        Regards

    • Are you kidding! Anyone else hear this news? Is that why we were up earlier today?
      Regards,

 

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