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Technology Stocks : ADC Telecommunications

ADCT 3.305

-6.8%

3:59 PM EST

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To: Doug who wrote (283)	1/31/1998 2:15:00 PM
From: Alfredo Nova	Read Replies (1) of 1944

Doug, thanks for your note. Spoke with CEO John Pino, who kindly sent me some recent reports. He thinks the company will do well. According to AG Edwards, it may take them a quarter or two longer, but they think the stock will be 26-28 by the end of 1998. I am willing to wait, and hopefully keep this stock for 2-3 yrs or longer. Is this a business we want to own, like Warren Buffett would ask himself? Although ACTM is no Coca Cola, however if I bought the shares at an average of 17 while they are doing $29 in sales per shares, than with a PS ratio of 0.6, I think I am getting the opportunity to participate in this business at a deep discount. regards, Alfredo

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