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


To: Mark K. who wrote (508)7/15/1998 7:27:00 AM
From: John Carragher  Respond to of 1944
 
I figure the drop in adct and tlab yesterday was do to the noise over the at&t merger or maybe not? I have been in both for years and hope to see them grow. take care.



To: Mark K. who wrote (508)7/15/1998 7:55:00 AM
From: John Carragher  Read Replies (1) | Respond to of 1944
 
Advanced Fibre's Low Price May Make It
Prime Target

By Nick Wingfield

The Wall Street Journal Interactive Edition

SAN FRANCISCO (Dow Jones)--Shares of Advanced Fibre
Communications Inc. (AFCI) went on a rollercoaster ride Tuesday as
rumors resurfaced that the telecommunications-gear maker is a prime
acquisition target.

Following a 20.6% gain Monday, the Petaluma, Calif., company's stock
gained 1 5/16, or 5.4%, to close at 25 7/16 on Nasdaq volume of 8.8
million shares, compared with a daily average of 2.1 million.

Wall Street analysts were quick to attribute the stock activity to renewed
speculation that one of several large networking companies may try to buy
the company. They mentioned Ascend Communications Inc. (ASND),
Cisco Systems Inc. (CSCO), Tellabs Inc. (TLAB) and ADC
Telecommunications Inc. (ADCT) potential suitors.