ADCT, One of Few Bright Stocks

Posted in General 
September 5th, 2008

One of the few bright spots this morning is ADC Telecommunications Inc. (ADCT).  Its earnings last night came in at $0.27 non-GAAP EPS versus $0.26 estimates.  Unfortunately it also lowered its sales targets on weakening telecom equipment orders fvrom telecomunication and data carrier operators.  Shares are indicated higher this Friday morning but still echo issues surrounding telecom equipment sector woes.

As of 9:10 AM EST shares are up 6% at $9.74 on a mere 4,500 shares.  With a weak market and weak telecom data that might not hold.


September 5, 2008

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