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


To: Bosco who wrote (1254)11/1/2000 2:10:24 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 1944
 
I let yet another 5% of my position go today right on schedule at $23. That helps the cash reserve again and turned in a 39% LIFO profit in less than a week. Feels good!

Next 5% sale will occur at $24+.

Best regards, Tom



To: Bosco who wrote (1254)11/2/2000 8:28:18 AM
From: Howard Bennett  Respond to of 1944
 
ADC sees $1 billion in 4Q sales
November 2, 2000 8:06am

ADC sees $1 billion in 4Q sales

By Larry Dignan ZDII


Amid worries about telecommunications capital spending, ADC Telecommunications (Nasdaq: ADCT) said Thursday it will meet or exceed estimates for its fourth quarter. ADC also sees more than $1 billion in sales for the quarter.

ADC is just the latest telco gear maker to issue a bullish outlook. On Wednesday, Nortel (NYSE: NT) reiterated its previous revenue and earnings targets in a move to stabalize its stock. JDS Uniphase (Nasdaq: JDSU) also recently issued a bullish outlook. However, with carriers such as WorldCom (Nasdaq: WCOM) struggling, concerns about telecommuncations equipment spending persist.