Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36933)	5/3/2002 2:24:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67757

ADC ups cash collateral May 2, 1:57 PM Telecommunications hardware and software maker ADC Telecommunications Inc. has increased the amount of cash it has pledged as collateral by almost $225 million for four leases on its facilities, according to a report from Reuters news service Thursday. The Eden Prairie, Minn.-based company reportedly said in a federal filing it exchanged the cash collateral for hard assets it had pledged to the lessors on the facilities, including its world headquarters. In addition, Reuters said the lessors agreed to amend and in some cases delete various financial and operating requirements for ADC, as well as lower lease payments. ADC said that makes it less likely it will violate covenants. According to the news service, analysts said the move was a nonissue. "The issue with ADC is not really the cash position. The issue is how they generate growth," Merrill Lynch analyst Tal Liani told Reuters.