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

To: BILL JAMES who wrote (686)	4/19/1998 10:10:00 PM
From: boogaloo	Read Replies (1) \| Respond to of 766

Bill, I'm sure you've probably been reading about Adtran in the Huntsville Times lately. Here is a clip from one of the articles. What I'm curious about is - what does Adtran have up their sleeve that would require them to do an 100 million dollar expansion that will result in 750 additional jobs? They only employ a little over 1000 people right now. Full article at:http://groupmaster.al.com/city/huntsville/List.asp?Section=3&ID=34633 Compromise bill may clear way for Adtran tax break By JOHN PECK Times State Capital Correspondent 4/16/98 MONTGOMERY - A pending compromise may take care of two major objections to a legislative effort to persuade Adtran to expand in its home base of Huntsville rather than out of state. Last month, a tax bill designed for Adtran ran into trouble from the teachers union, which said a proposed income tax break was unconstitutional, and the state ethics office, which said legislators owning the companys stock are prohibited from voting on such legislation. Now, a Birmingham lawmaker is sponsoring a tax incentives bill that would deal with both problems. It has cleared the House and is awaiting action in the Senate with two legislative days remaining this session. Dr. Paul Hubbert, executive secretary of the Alabama Education Association, said today he has no problem with the modified bill. Hubbert said Adtran attorney Jim North tried to persuade the teachers union to back off its objections to the earlier bill, but Hubbert said he responded that he could not allow an exception for Adtran while blocking other companies from getting the same tax break. "I got out of the loop when I learned they would use the corporate franchise tax," he said. At stake, proponents of tax breaks have said, is a $100-million-plus plant expansion worth upwards of 750 jobs at Adtrans Huntsville site.