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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (6802)	4/11/2000 7:19:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Ken- I wasn't sure you caught this because this PR seems to be pretty limited. But apparently the good old legacy player Adtran did fairly well in Q1 2000. If I'm not mistaken their revenues are mainly driven by older(relatively speaking) technology; T1, E1, T3, and HDSL. It's one of my first Last Mile companies to report and it looks like a good indicator of Last Mile spending to me. -MikeM(From Florida) ***************** Adtran tops 1Q estimates By Tiffany Kary ZDII Adtran Inc. (Nasdaq: ADTN) topped expectations for the first quarter Monday, reporting earnings of 42 cents a share. The results were well above First Call's estimate of 35 cents a share. Shares in the maker of high-speed digital transmission products for telecommunications firms closed at 68 7/8 Friday. The company, whose products are also used by corporate end users and original equipment manufacturers to serve digital data over existing telephone networks, also topped estimates in its third quarter. Sales were up 29 percent over last year's first quarter, hitting $99.5 million. Net income for the quarter increased 84 percent to $16.8 million. Earnings per share, assuming dilution, increased 78 percent to 42 cents, compared to 24 cents a share for the first quarter of 1999. The company said its systems product lines, led by its Total Access, ATLAS and the MX 2800 products, did particularly well. Revenue from those products in the current quarter increased nearly 27 percent over the fourth quarter[sequential!].** Adtran also kept expenses at planned levels, resulting in favorable operating margins. Adtran's competitors include Lucent (NYSE: LU), Pairgain (Nasdaq: PAIR) and ADC Telecommunications (Nasdaq: ADCT).