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Technology Stocks : ADC Telecommunications
ADCT 3.510-0.6%Dec 26 9:30 AM EST

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To: Grislee bear who wrote (1076)9/28/2000 3:21:03 AM
From: Tom Hughes  Read Replies (1) of 1944
 
I agree that the rapid and steep decline is overdone. Take a look at this slide from a corporate presentation available at corporate-ir.net
ADCT's market position is #1 in 8 out of the 11 systems it provides. Its market position is second in 2 systems and third in one system.

In addition, prior to October 1998, ADCT met or exceeded earnings estimates for 29 consecutive quarters. (http://www.cfonet.com/html/Articles/CFO/1999/99OCswit.html) and I believe that it has met or exceeded earnings estimates since.

Given the company's track record, I think the recent decline is a bit much.
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