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Technology Stocks : ADC Telecommunications

ADCT 4.340

-1.4%

Nov 26 3:59 PM EST

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To: Johnny Canuck who wrote (675)	6/9/1999 3:28:00 PM
From: Johnny Canuck	Read Replies (1) of 1944

One brokerage firm trying to support the ADCT stock price. Given the forward guidance reported yesterday, I am not sure how he is arriving at this. The two acquisition look to have a neutral impact on earnings for this year given the guidance reported by one of the management staff at SuperComm. The rate of EPS growth does justify a 60 price though. On the plus side management tends to be conservative of guidance. ******************** ADC Telecommunications Inc. (ADCT) 47 3/8 -5/8: Josephthal & Co. reiterates "strong buy" rating on telecommunications hardware and software maker; has a 12-month price target of $60..... *******************

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