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


To: Big Dog who wrote (1009)9/11/2000 5:38:10 PM
From: Big Dog  Respond to of 1944
 
Market Pulse (Repeated Post)

ADC confirms Q4 outlook

By Michael Baron
Tuesday, August 29, 2000

... Rob Clark, a spokesman with ADC, confirmed the contents of a Dow Jones News Service interview with the company's CEO Bob Cadogan published Tuesday. In the interview, Cadogan said the company was comfortable with Wall Street earnings expectations for the fourth quarter and that it won't pursue an acquisition of Harmonic Lightwave (HLIT: news, msgs). Clark added that the forecast for revenue growth reported by Dow Jones was a little low. "We actually expect fourth-quarter revenue to rise in the mid-50 percent range from year-ago levels," he said. Dow Jones quoted Cadogan as forecasting growth in the 40-to-50 percent range. ADC reported revenue of $582 million in the fourth quarter ended October 31, 1999.

www2.marketwatch.com