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Technology Stocks : ADTRAN !?!
ADTN 9.470-0.2%Feb 4 3:59 PM EST

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To: Bosco who wrote (263)4/7/1997 8:17:00 PM
From: Crossy   of 766
 
Bosco,
ADTN is a great ISDN, HDSL, T1 player. The huge decline comes from market disbelief in communication / networking. Also the lack of xDSL product for now adds up to this. I really think that ADTN will SHOW an xDSL strategy anytime soon. At that moment the stock is to explode to the $50 levels. What I like so much of ADTN is their solid sales & earnings growth: approx. 40% per year. It also has a balanced product line on the technologies in its portfolio (end user - host level - enterprise level). This SHOULD translate into PE of 40+. (Remember PE = LTG Lont Term Growth)

The Bells are also catching up, some big ADTN gear investments are already confirmed / pending.

Regarding AMD, I chickened out at $40 one week ago. TA flipflopped but is now definitely positive. I went long today and can only advise You to do so too. The $70 share level will be reality in the next 2-3 months.

Greetings,
CROSSY
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