To: Johnny Canuck who wrote (25121 ) 2/9/2000 7:35:00 AM From: j g cordes Respond to of 68324
ADCT note below & Got a Murphy e/ad that he's lightening up on the high flyers in tech. Says money is drying up and their prices are highly vulnerable. biz.yahoo.com Wednesday February 9, 7:01 am Eastern Time Company Press Release ADC Named One of America's Most Admired Companies in FORTUNE Magazine Survey ADC Ranks Tops Among Network Communications Companies MINNEAPOLIS--(BUSINESS WIRE)--Feb. 9, 2000-- ADC (Nasdaq: ADCT; www.adc.com) has been named one of America's Most Admired Companies, according to FORTUNE Magazine's recently announced survey of leading business men and women. This is ADC's first appearance on the list, which includes leading companies such as General Electric, Microsoft Corporation and Home Depot. The survey results will appear in the February 21 issue of FORTUNE, which is available on newsstands beginning February 14. The winners of FORTUNE's annual list of America's Most Admired Companies were chosen from the 1,000 largest U.S. companies (ranked by revenues) and the 25 largest U.S. subsidiaries of foreign-owned companies. ADC was selected in the Network Communications industry segment, which included Cisco Systems, Lucent Technologies, Tellabs, 3Com Corporation, and Cabletron Systems. In evaluating the companies in their respective industries, FORTUNE asked business executives to rate companies on the following eight key attributes of reputation: innovativeness, quality of management, employee talent, quality of products/services, long-term investment value, financial soundness, social responsibility and use of corporate assets. ``We were quite excited to learn of this selection,' said William J. Cadogan, chairman, president and CEO of ADC. ``ADC continues to build a world class team of people who are innovative, responsive and committed to excellence. It is encouraging to see that business men and women throughout the country are impressed with our people and performance.' The FORTUNE list includes a top ten list made up of companies across all market segments and is topped by General Electric. To create the top ten list, Clark Martire & Bartolomeo asked 10,000 executives, directors, and securities analysts to select the five companies they admired most, regardless of industry from a list containing the companies that ranked among the top 25% in last year's survey, and those that finished in the top 20% of their industry. The FORTUNE selection is the second such honor for ADC this year. ADC was recently included in the FORBES Magazine Platinum List as one of America's Best Big Companies in the telecommunications category. The selection appeared in the January 10 issue of FORBES. For more information on FORTUNE's survey, contact Nyssa Tussing at 212.522.6724 or nyssa.tussing@timeinc.com. For more information on ADC, contact Rob Clark at 612.914.6355 or rob_clark@adc.com. About ADC ADC Telecommunications, Inc. is a leading global supplier of network equipment, software and integration services for broadband, multiservice networks that deliver data, video and voice communications over telephone, cable television, Internet, broadcast, wireless and enterprise networks. ADC's broadband, multiservice network solutions enable local access, high-speed transmission and software management of communications services from service providers to consumers and businesses over fiber-optic, copper, coaxial and wireless media. Headquartered in Minneapolis, Minnesota, ADC has approximately 13,500 employees around the world and annual sales of $1.9 billion. ADC's stock is included in the Standard and Poor's 500 Index.