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Technology Stocks : ADC Telecommunications

ADCT 3.305

-6.8%

Dec 5 3:59 PM EST

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To: Doug who wrote (276)	1/27/1998 11:00:00 PM
From: Alfredo Nova	Read Replies (1) of 1944

Doug, I just bought ADCT at an average price of 18.25. I agree with your pointing at the broadband as an issue. This is reported in a First Boston story after the second news release on 1/23. First Boston has a buy with a target of 35 in 12 mos. They have reduced eps for 1998 to 1.05 from 1.20 and eps for 1999 to 1.35 from 1.60. Previous target was 48, which is what all the other brokerages thought 2-3 mos ago. I hope this brings an optimistic view. Good luck to all, Alfredo Good luck

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