Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Wachovia Keeps 'Strong Buy' on Advanced Fibre


Wachovia reiterates strong buy on Advanced Fibre (AFCI).

Analyst Richard Church says the acquisition is positive for the company as it expands its addressable market and provides it with the technology that is important to carriers as they focus on enabling new services and lowering costs of networks. He notes the acquisition is expected to be completed in the second quarter.

Church believes the comany's new product, Telliant 500, already is shipping for revenue to a handful of customers. He sees $0.34 2002 earnings per share and $0.50 for 2003. Church maintains his $25 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus