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Technology Stocks : ADC Telecommunications

ADCT 3.700

-3.4%

Jan 13 3:59 PM EST

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To: max power who wrote (1197)	10/24/2000 9:09:54 PM
From: FBarron	Read Replies (1) of 1944

Look at what happened to Corning (GLW) It reminds me of what happened here to ADCT back about ..... oh.... August 18th.I'm not too sure we need to be associated with the Fiber Optics companies either now. CORNING INC (GLW) (93.50 -7.94) CORNING INC. said Monday its Q3 profits more than doubled. Corning also said it expected earnings to grow about 25% next year. The company said its Q3 pro forma earnings rose to $317 million, or $0.35 a share, from $148.1 million, or $0.19 a share, a year ago. The Wall Street consensus was for $0.34. Including one-time items, Corning's net income rose to $254 million, or $0.28 a share, compared with $142 million, or $0.18 a share a year ago. Revenues rose 54% to $1.9 billion from $1.25 billion. Excluding the impact of acquisitions, sales increased 37%.

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