J.J. McGrath
Long/short equity, healthcare, oil & gas, tech

Alliance Fiber Optic Products CEO On Latest Boom: It's Different This Time

Executive summary:

  • Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) had record gross revenue, net income and earnings per share in 2013, but its share price has fallen by almost one-half since September.
  • AFOP's CEO and president has argued in a couple of investor presentations this year that he believes the present communications-sector boom is different from past booms.
  • Focusing on the relative importance of datacom and telecom, Peter C. Chang has even gone so far as to say during one of those presentations, "It's totally different this time."
  • The phrase may have sounded like the grating of fingernails on a chalkboard to certain ears, but Chang might have had a point.


Alliance Fiber Optic Products Inc. (AFOP

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