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

To: ferdc who wrote (299)	2/4/1998 11:23:00 PM
From: Dennis G.	Respond to of 1944

They earned $24.9 million last Q1 or 19 cents per share. There was a $22.7 million charge that quarter. Seems like what they're saying is that margins will be down slightly and the extra revenue won't add to the bottom line. Dennis

To: ferdc who wrote (299)	2/4/1998 11:28:00 PM
From: norm chin	Read Replies (2) \| Respond to of 1944

Ferdc stated "...If I read their earnings report for Q1 of 1997 correct, they earned ~$10M or .08C/sh based on 130M shares out. Thus, with 134M shares currently outstanding, I have to believe that an estimate of .19C would still be too high..." -------------------------------------------------------------------- Ferdc, $.19 is clearly realistic. In the absence of the one-time charge, 1Q97 earnings would have ~($10.4m + $14.2m) where $14.2m was the one-time charge. This seems to indicate that 1Q98 earnings will be $24m to $25m excluding any charges. See below for the data used: "Jan. 23, 1998, ADC Telecommunications Inc. (Nasdaq:ADCT - news) said it expects earnings forthe first quarter of fiscal 1998 will be lower than analysts' consensus expectation. The company sees earnings ''essentially flat,'' before non-recurring charges, with with the year-ago period on revenues 10% to 15% higher... ADCT reported net income of $10,395,000, or $0.08 per share, on revenues of $256,777,000 for the first quarter of fiscal 1997. The results included a non-recurring charge of $14,528,000..."