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Technology Stocks : ADTRAN !?!
ADTN 10.38+0.2%3:59 PM EST
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To: Martin Abbott who wrote (170)1/15/1997 12:41:00 PM
From: Fred Brooks   of 766
 
Martin,
Unfortunately I have no input regarding the conference call. Did anyone out there hear it? I agree with the other comments regarding the earnings report. I think it was very positive. But perhaps others feel that ADTN's growth will slow, thereby reducing its appeal to momentum investors. We are livng in a time of exagerated volatility. The speculation (as opposed to investing) that drives Wall Street these days thrives on volatility. Rather than profiting from investing in companies that grow and increase the value of the investment, the way to make money these days seems to be a game of musical chairs. I expect this downward spike to be short lived, but I don't expect smooth sailing.

Good Luck,

Fred Brooks
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