ADTRAN !?! Message Board

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Technology Stocks : ADTRAN !?!

ADTN 9.860

+5.0%

Feb 6 9:30 AM EST

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To: Adam Irving who wrote (235)	3/22/1997 5:18:00 PM
From: Badshah J.Wazir	of 766

Adam, I bought ADTN at 31 1/4 last week,took small position,with the idea to average down if it goes down. Obviously it was a mistake. Now, I have the chance, but I think I am going to wait till it gets to the lo 20's. Last year I sold at 68 3/4. I think the problem is that management is tight lipped plus the MCI-xDSL vandors list did not include ADTN. ADTN sells HDSL gears but,as I recall,the management is of the opinion that the market has not developed for xDSL-ADSL deployment yet and there is plenty of money to be made in ISDN. This stance creating an impression of being left behind in the technology-ADSL race. Currently the stock is selling at a discount to its peer,but could get cheaper. I am hoping to buy it-average down arround 20-21. Badshah.

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