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

To: Bosco who wrote (1030)	9/20/2000 3:39:46 PM
From: max power	Read Replies (1) \| Respond to of 1944

ADC Telecom CEO says buying spree to slow NEW YORK, Sept 20 (Reuters) - Telecommunications equipment maker ADC Telecommunications Inc. (NASDAQ:ADCT) likely will slow down an acquisitions spree that has hit almost $5 billion this year, Chairman and Chief Executive William Cadogan said on Wednesday. In its latest purchase, ADC said earlier Wednesday it would buy privately held Broadband Access Systems Inc. (BAS), a start-up developer of high-speed data and voice delivery systems, in a $2.25 billion stock deal. The acquisition is aimed at completing ADC's high-speed Internet portfolio. "When you see an opportunity like BAS, you do have to snap them up while the opportunity is there," Cadogan, who is also ADC's president, told Reuters. "But going forward, I would expect we would acquire at a much lower rate." Minneapolis-based ADC's strategy has been to fuel its wireless and global expansion through acquisitions. With the Broadband Access deal, ADC will have spent almost $5 billion on acquisitions this year alone, including $1.6 billion for rival PairGain Technologies. Cadogan said the company was ready to carry out its strategy for its broadband portfolio. Broadband services allow high-speed Internet connections. "I think we're fast approaching critical mass in the broadband market, and I think the time has really come now to execute the strategy," he said. ADC shares were off $2-3/4 at $32-1/8 in afternoon trading.

To: Bosco who wrote (1030)	9/20/2000 6:12:08 PM
From: The Philosopher	Read Replies (2) \| Respond to of 1944

Unfortunately, mgt chooses to pushing it out to far down the road. 2004/5 is a long time! To traders, yes. To investors, no. My personal time frame is 5 years. I am looking for stocks that more than double over 5 years. (This is about 20% better than the historic stock market. IMO anybody who thinks they can sustain 50%+ growth over the long haul is smoking something that the FDA would not approve of.) Anything above that is gravy. (Fortunately, I've been eating a lot of gravy recently! And ADCT has been part of the reason, along with some other cuties.) But it's refreshing to me to see a company that openly talks about its prospects five years down the road, instead of sacrificing its long term prospects for the next quarter's earnings. I have liked ADCT's mangement for a long time. (Good thing -- I don't invest in mangements I don't trust or believe in.) This merely confirms that they are the kind of mangement I want to leave my dollars with.