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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.44

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Nov 10 4:00 PM EST

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To: Johnny Canuck who wrote (18027)	10/13/1998 6:32:00 PM
From: Clint E.	Read Replies (5) of 67816

Thanks Harry. I will listen to ADTN's re-play. LLTC is forecasting ~flat "sales growth" for the next qtr.. ========================= ''Looking at our August and September activity; the acceptance of our new products at customers; and, the historical seasonality of our business, we would have expected sales to grow as a percent next quarter in the low single digits. However, given the turmoil in the global financial markets and the impact the resulting pessimism is likely to have on business confidence, we believe it is prudent to temper our growth expectations. Consequently, this upcoming quarter may have little or no sales growth. Nevertheless, we continue to believe strongly in our market positioning and our strategy and have taken this opportunity to buy back 1.8 million shares of our common stock for approximately $100 million.'' ========================= Clint

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