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

To: Tom Hughes who wrote (1077)	10/6/2000 2:06:20 PM
From: Tom Hughes	Read Replies (1) \| Respond to of 1944

Some decent news in an otherwise awful day: upside.com ADC Technologies down; Hambrecht says fears 'overblown' October 06, 2000 07:52 AM PT by Thomas Coyle NEW YORK -- Brokerage house WR Hambrecht came out in defense of ADC Technologies (ADCT: -1.31, 27.38) -- and, by extension, the entire communications equipment group. Telco spending fears "overblown" "Continued concerns of an overall slowdown in carrier capital spending are overblown," the brokerage said in a research note published this morning. "We recently raised our estimate for U.S. carrier capital spending in 2000 to $96 billion from $88 billion, representing expected growth of 29 percent in spending compared to 1999, and continue to believe the carrier-spending environment remains very healthy," the brokerage added. "We continue to believe ADC shares represent attractively valued exposure to the broadband access and fiber optic component and connectivity markets." ADC's stock has come under pressure in recent sessions. -- That's an understatement.