ADTRAN !?! Message Board

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Technology Stocks : ADTRAN !?!

ADTN 9.360

-1.2%

3:40 PM EST

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To: Badshah J.Wazir who wrote (259)	4/7/1997 2:21:00 PM
From: Bosco	of 766

hi all; i just got into ADTN today on someone in another forum's recommendation. I thought i saw Alex Brown has issued a short and long term buy on Fri - which i ve attributed to the $4+ jump - but i can't find it today. The price actually popped to $31 this morning, but i think it is largely short covering. before i jump in this afternoon, i ve also checked Daily Graph. It seems that it bottomed out around $23 because of the missed earning - ADTN said about 24 cents while First Call 27. But it seems Alex Brown's recommendation neutralised that. Additionally, the mkt suddenly turned bullish on Fri. Now, here is something i don't understand, in Daily Graph it is said it has a 95% backlog - does it mean it cannot manifacture its products quick enough? regards Bosco

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