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Technology Stocks : ADTRAN !?!
ADTN 7.960-0.9%Nov 7 9:30 AM EST
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To: JAL who wrote (575)10/15/1997 1:25:00 PM
From: TMK   of 766
 
I would take a step back and read Hank's posts. If you take a look at the points he makes, many are quite valid. Tele Equip tends to move in a group, barring significant events at a particular company. As background, I have been in/following ADTN since day one. My broker got me a couple hundred shares at the IPO. My primary reason for buying at it's inception was the management strength that Mark Smith brought and his success at UDS. I think the market requires alot more of ADTN than the track record of it's management. I am currently long ADTN, but Hank's posts have got me thinking and watching closely.

I think it will take at least one more quarter of good earnings (15-25% upside surprise) to get Adtran into the 50s.
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