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Technology Stocks : ADC Telecommunications
ADCT 3.540+9.6%Dec 9 3:59 PM EST

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To: Howard Bennett who wrote (836)6/2/2000 5:28:00 PM
From: The Philosopher   of 1944
 
IMO this is nosebleed territory. PE is hovering around 100, about twice the industry average. P/S is near 10.

I like the company, but not at these prices. I was in at 13 split adjusted, have taken my original investment and a bit more off the table at 72, now I'm just letting my profits ride, but I will be divesting more if this keeps going up. Then picking it back up when sanity returns.

BTW, apparently Stephens downgraded ADCT. Haven't read the report yet.

biz.yahoo.com
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