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Technology Stocks : ADC Telecommunications
ADCT 3.540-4.3%Jan 15 3:59 PM EST
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To: Sarmad Y. Hermiz who wrote (1851)11/29/2001 1:44:00 PM
From: E.J. Neitz Jr  Read Replies (1) of 1944
 
11-29-01 13:29 ET ADC Telecom (ADCT) 4.42 -0.36 (-7.5%): Stock is down sharply today; Merrill Lynch downgrades to long-term ACCUMULATE from Buy, says the co may not break even until FY03. Despite progress on divesting non-core assets and in managing cash flow, co is still struggling to define a clear identity for itself.
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