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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

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Jan 23 4:00 PM EST

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To: Johnny Canuck who wrote (38713)	1/3/2003 12:03:43 PM
From: Johnny Canuck	Read Replies (1) of 69972

07:18 ET ADTN ADTRAN boosts Q4 outlook (33.53) Manufacturer of telecom equipment products raises its Q4 forecast to a range of $0.30-$0.32 -- Multex consensus $0.21. Co puts revs at approx $88 mln (consensus $86.66 mln). "In addition to revenue coming in at the high end of previous guidance, we experienced significantly higher gross margins as a result of product cost reduction efforts and a favorable product mix. We also benefited from lower than anticipated operating expenses.

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