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Strategies & Market Trends : Guidance and Visibility

AAPL 259.35

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Jan 9 9:30 AM EST

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To: Mike C2 who wrote (101568)	12/19/2003 5:01:41 PM
From: Findit	Read Replies (1) of 208838

Mike Lehman ups ADCT to overweight from underweight this afternoon. Target is 4.25. Just took a position at 2.73. Jim December 19, 2003 2:37:00 PM ET ADCT upgraded at Lehman 2.71 +0.09: Lehman upgrades ADC Telecom to Overweight from Underweight and raises their target to $4.25 from $2; firm says their sense is ADCT is on the verge of stabilizing, they can now quantify Fiber to the Premise opportunities, and returning to 15-20% operating margins seems much more believable; also, firm believes ADCT may dispose of its loss-generating Cuda Cable business, which could prove about $0.05/share accretive per year, and is not in current forecasts. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.

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