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

To: Bosco who wrote (1034)	9/20/2000 11:13:24 PM
From: The Philosopher	Read Replies (1) \| Respond to of 1944

Intelligent devil's advocacy, as yours is, is a good thing. Wise skepticism is a far different thing from mindless bashing. We see lots of the latter on SI, so your emphasis on the former is welcome. 1. Demands is uncertain. For sure. But IMO, increases in demand for telephone resources is as safe a bet as you can get. It's like betting on computer storage. (And boy, I wish I had bet my inclinations 18 months ago and grabbed EMC instead of worrying that it was getting overpriced!) 2. Supply is uncertain. Also true. But put ADCT's management and sales and production capacity and raw telecom power behind BAS technology and if it works, I don't think 500 mil is out of line. Risk? Sure. That's the nature of high tech. But ADCT is about as good at it gets. Of course, Osborne had a great little computer, and CP/M was a great operating system. But if you want the rewards, you have to roll the dice. Intelligently. So the question is whether ADCT is the smartest roll of the dice. I think so. (Of course, it's helped by the fact that my stake is now fully paid for because I dumped about 1/4 of my stock to cover all my investment, so now it's all gravy. If I had to put in fresh dollars, maybe I would think a bit more carefully! <g> 3. I would say I'm not necessarily skeptical, but cautious. Yes, I think management may have been anticipating shareholder questions and foreclosing them. If so, isn't that smarter than being hit with them and having to respond defensively? I don't claim to know ADCT that well. Have been following it for about 2 years, but am not a tech expert, more management/finance/legal background. But what I've seen gives me confidence. Now watch the thing tank. Would serve me right! But it's one of the better risk/reward opportunities, IMO.

To: Bosco who wrote (1034)	9/21/2000 9:16:35 AM
From: max power	Read Replies (1) \| Respond to of 1944

Press Release ADC Opens New Manufacturing Facility in China New State-of-the-Art Facility to Expand ADC's Presence Across China and the Far East Region NANJING, China--(BUSINESS WIRE)--Sept. 21, 2000-- ADC (Nasdaq:ADCT - news, www.adc.com - news), a leading global provider of fiber optics, network equipment, software and integration services for broadband, multiservice networks, today announced the opening of its new manufacturing facility in Nanjing, China. The facility will serve as the technology development and product manufacturing center for ADC's Broadband Connectivity Group and will be used to manufacture a range of fiber optic distribution systems, fiber optic components, and RF components and subsystems for the Chinese and Far East regional markets. The announcement was made at an opening ceremony attended by Wang Wu Long, Nanjing Government Secretary; Wang Hong Min, Nanjing Mayor; and senior officials from China Telecom and China Netcom, the leading communications providers in China. ``The successful operation of the ADC facility in Nanjing will not only contribute to the building of the Jiangsu and China telecommunication infrastructure, but will also serve to introduce ADC's advanced technologies and management systems to China for the development of other related networks,'' said John Hawkins, general manager of ADC's Nanjing facility. ``Our extensive operation in China will also serve to introduce ADC's access and transport systems and software products into the Chinese market as well.'' The $10 million (US) Nanjing facility is currently 6,000 square meters. The facility incorporates state-of-the-art manufacturing processes and technology to produce its products and is linked to ADC's worldwide communications network, which provides real time product design enhancements and product specifications. The facility provides quick customer order acknowledgement and significantly reduces manufacturing lead times through the use of enterprise resource planning tools, total quality management and just-in-time inventory management. ADC first commenced operations in China in 1993. Today, ADC products have been installed in more than 30 provincial telecommunications networks and cable TV networks in China. ADC also has sales and operations offices in Beijing, Guangzhou and Shanghai.