ADCT, passive and active fiberoptics play Message Board

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Technology Stocks : ADCT, passive and active fiberoptics play

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To: Andy Yamaguchi who wrote ()	4/16/2000 8:03:00 AM
From: Patricia	of 12

POSITIVE ADCT EARNINGS PRE-ANNOUNCEMENT: ADC Telecommunications' 2nd-Qtr Profit to Exceed Estimates 4/13/00 1:16:00 PM Source: Bloomberg News Minneapolis, April 13 (Bloomberg) -- ADC Telecommunications Inc. said fiscal second-quarter profit will beat analysts' estimates by as much as 24 percent on better-than-expected sales of equipment that connects telecommunications networks. The company said it will report profit of 25 cents to 26 cents a share, exceeding the 21-cent average estimate of analysts surveyed by First Call/Thomson Financial. Sales will surge about 47 percent to $670 million in the quarter ending April 30 from $456.6 million a year earlier, the company said. ADC shares rose 4 7/8, or 10 percent, to 51 7/8. Telecommunications companies are ordering more ADC gear, from the devices that link streams of network traffic to parts used in fiber-optic equipment, to expand their networks and keep pace with Internet traffic that's doubling every three months. On March 14, ADC Chief Financial Officer Robert Switz said second-quarter sales would increase by 35 percent. The company raised its forecasts again after customers orders for its products remained strong, spokesman Rob Clark said. The shares of ADC, based in Minneapolis, have more than doubled in the past year. ****** Patricia :-)

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