StockIceMan's Weekly Stock Pick
Week of
September 15th, 2003
| Stock: |
Alliance Fiber
Optic Products, Inc. |
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| Ticker Symbol: |
AFOP - Nasdaq -
Semiconductors |
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|
| Buy: |
1.60 to 1.75 |
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|
| Sell: |
3.00 + |
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| Info: |
Alliance
Fiber Optic Products, Inc.
designs, manufactures and markets
high-performance fiber-optic
components and integrated modules
incorporating these components
for communications equipment
manufacturers. Its products
include interconnect devices that
are used to connect optical
fibers and components, couplers
and splitters that are used to
divide and combine optical power
and dense wavelength division
multiplexing (DWDM), devices that
separate and combine multiple
specific wavelengths. Customers
deploy AFOP's products in long-haul
networks that connect cities,
metropolitan networks that
connect areas within cities, last
mile access networks that connect
to individual businesses and
homes and enterprise networks
within businesses. The Company
sells its products to
communications equipment
manufacturers that incorporate
its products into their systems
that they in turn sell to network
service providers. |
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| Financial Info: |
For the
three months ended 03/03,
revenues decreased 33% to $2.4
million. Net loss fell 53% to $2.7
million |
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|
| Key Ratios: |
Current
Ratio: 12.56; Total Debt/Equity:
0.00, P/E: N/A, Price/Book: 1.20,
Price/Sales: 5.22 |
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|
| Share Info: |
There are 35.78
million shares outstanding with
29.00 million shares in the
trading float. Institutions own
approximately 2.60% of the shares
outstanding. There have been 2
insiders selling a total of 20,000
shares in the last six months.
As of 8/8/2003, there were 84,000
shares short.
Net Institutional Selling: 1.95
million shares: prior to latest
quarter. |
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| Articles: |
Alliance Fiber
Optic Products, Inc. SpectraMux
Compact CCWDM Passes Stringent
Telcordia 1209 and 1221
Qualification |
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