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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?


To: max power who wrote (35972)2/23/2000 8:18:00 AM
From: LakesideTrader  Read Replies (1) | Respond to of 36349
 
Hanging on here too Tom. Listen to the ADCT earnings announcement from 2/17, last post on ADCT thread.



To: max power who wrote (35972)2/23/2000 8:30:00 AM
From: BMcV  Read Replies (1) | Respond to of 36349
 
Hate to point this out, after all we've been through, but that $100 target for ADCT is pre-split. Good news is that CSFB has a $60 target now.

RESEARCH ALERT - ADC Telecom target upped to $60

NEW YORK, Feb 18 (Reuters) - Credit Suisse First Boston said on Friday
that it had raised its price target and earnings estimates for ADC
Telecommunications Inc. (NasdaqNM:ADCT - news), which provides equipment and software for telecommunications
networks.

-- The earnings per share estimate for 2000 was raised to $0.91 from $0.85. The EPS estimate for 2001 was raised to
$1.18 from $1.06, reflecting higher sales.

-- The price target was increased to $60, and the buy rating was reiterated.

-- On Thursday the company reported first quarter EPS of $0.18, above analyst James Parmelee's estimate of $0.16. The
upside surprise was a function of higher sales in all divisions for the second quarter in a row.

-- Shares closed at 45-1/8 in trade on the Nasdaq stock market.