Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ADC Telecommunications -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (995)	9/8/2000 2:59:30 AM
From: Big Dog	Read Replies (1) \| Respond to of 1944

ADC Telecom Reiterated `Strong Buy' at Spencer Clarke By Sybil Carlson www.Bloomberg.com Princeton, New Jersey, Sept. 7 (Bloomberg Data) -- ADC Telecommunications Inc. (ADCT US) was reiterated ``strong buy'' by analyst Michael Sheldon at Spencer Clarke. The 12-month target price is $65.00 per share.

To: Big Dog who wrote (995)	9/11/2000 5:44:22 PM
From: Big Dog	Read Replies (1) \| Respond to of 1944

Today's Comments from AG Edwards (Repeated Post) By: AG Edwards 8/25/00 UPGRADE --> ADC Telecom (ADCT) -- Upgraded to Buy from Accumulate. Price objective is $51. Analyst is David Heger, whose comments follow: "Following the release of third quarter earnings last week, we changed our rating on ADC due to valuation concerns. Although we increased our revenue and net income projections through fiscal 2001, our 2001 EPS estimate remained at $0.74 due to the additional shares issued for recent acquisitions. As a result, our valuation remained at $51, which represents a multiple of 69X our 2001 estimate. In light of the strong earnings results reported by the company, shares moved much closer to our $51 valuation. Since that time, however, ADC shares have declined by over 20%, with no change in fundamental outlook. If anything, we suspect that the company may report additional upside to our current estimates. We will also be watching closely for a pending management decision regarding one million square feet of additional manufacturing capacity. We feel that if the company moves forward with adding this capacity, it sends a strong signal that management expects even higher demand than reflected in current guidance. Even without this decision, we feel that the share price now offers enough potential appreciation to our current price objective to return to more actively purchasing shares. As a result, we are upgrading to a buy/aggressive rating from an accumulate/aggressive rating."