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Technology Stocks : ADTRAN !?!
ADTN 8.400+6.3%Nov 5 3:59 PM EST
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To: Air JJ who wrote (696)6/9/1998 5:32:00 PM
From: Carlson  Read Replies (1) of 766
 
Air JJ,
I spoke to the CFOs assistant today regarding the sudden drop. She said she was unaware of any reasons for the drop. I speculate that we may see an earnings preannounce of earnings not meeting the analysts numbers. I sold some calls against my position to protect me on the downside. On July 14 the company is expected to release earnings. I have lowered my cost in the stock to 19 1/2 from my option writing.
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