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Technology Stocks : ADC Telecommunications
ADCT 3.305-6.6%Dec 5 9:30 AM EST

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To: L.B.Nguyen who wrote (298)2/4/1998 10:52:00 PM
From: ferdc  Read Replies (2) of 1944
 
LB:

<<<ADCT made .28 cent on $293M revenue last quarter; so I expect it to beat the revised estimate of .19 cent easily on $287+ revenue>>>

ADCT announced on 1/23 that revenues were going to be up 10-15% from last year's Q1. $287M is 11%, so it looks like they're going to deliver on that part of their forecast.

They also announced that earnings were going to be flat with last year's Q1. If I read their earnings report for Q1 of 1997 correct, they earned ~$10M or .08C/sh based on 130M shares out.

Thus, with 134M shares currently outstanding, I have to believe that an estimate of .19C would still be too high.

This is just my opinion based exclusively on ADCT's press releases.

regards, ferdc
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