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

To: JEFF CHAPMAN who wrote (362)	1/26/1998 2:58:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 1331

JC, CMVT's retreat today might be related to this: ADC Telecommunications (Nasdaq: ADCT) fell $10 3/16 to $17 15/16 after the telecom equipment supplier revised once again its outlook for the first quarter. On January 16, the company announced that it would miss analysts' estimates; on Friday it said it will report 10% to 15% revenue growth and flat earnings of about $0.19 per share. Merrill Lynch doesn't like the implications for other telecom equipment suppliers and cut to "hold" its ratings on both Tellabs (Nasdaq: TLAB), which fell $3 5/8 to $47 3/4, and Northern Telecom (NYSE: NT), which declined $1 3/4 to $40 9/16. (From the Motley Fool Lunchtime News)