Technology Stocks | ADC Telecommunications


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From: JakeStraw1/29/2008 1:22:08 PM
   of 1944
 
ADC Introduces Reduced Bend Radius MDU Drop Cables
Tuesday January 29, 7:00 am ET

New OmniReach Cables Provide Superior Performance, Increased Flexibility and Maximum Durability for FTTP Deployments in Multiple Dwelling Unit Buildings
biz.yahoo.com 

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From: JakeStraw1/31/2008 8:11:14 AM
   of 1944
 
ADC Helps MCP Provide Cellular Wireless Systems to Leading Cruise Lines
biz.yahoo.com 
Thursday January 31, 7:00 am ET

ADC's InterReach Unison System Helps MCP Win Its Biggest Order to Date to Provide Wireless Mobile Telephone and Data Services to Shipping Lines

MINNEAPOLIS, MN--(MARKET WIRE)--Jan 31, 2008 -- ADC (NasdaqGS:ADCT)today announced that cruise ship cellular communications company Maritime Communications Partner AS, fully owned by Telenor ASA, has expanded its drive to enable shipboard mobile voice and data communications by installing ADC InterReach Unison® In-Building cellular systems on an additional 21 cruise ships in the North American market.

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From: Brian7/23/2008 9:59:58 AM
   of 1944
 
ouch, ouch, ouch... down 26% on this news:
ADC Telecom cuts full-year outlook on lower demand
Wednesday July 23, 9:53 am ET
ADC Telecom reduces fiscal 2008 sales, earnings outlook on lower demand

MINNEAPOLIS (AP) -- Communications equipment maker ADC Telecommunications Inc. has lowered earnings and sales expectations for the current fiscal year, citing lower demand.
ADC now expects earnings of 18 cents to 26 cents per share for the fiscal year ending Oct. 31, compared with its previous guidance in the range of 31 cents to 39 cents per share.

The company expects sales for the fiscal year in the range of $1.5 billion to $1.52 billion, compared with the previous guidance of $1.52 billion to $1.54 billion. Year-over-year sales growth now is estimated at 13 percent to 15 percent.

ADC said Tuesday its revised outlook largely reflects lower U.S. sales of copper and fiber connectivity products as customers review their budgets and adjust ordering. That also has affected demand for ADC products used as components by other equipment manufacturers.

"We remain firmly committed to managing our business strategically for the long term, but the inherent short-lead time nature of our business sometimes results in quarter-to-quarter market-related movements, up or down, in our sales expectations," said Robert E. Switz, president and chief executive of ADC.

ADC, which plans to announce results on Sept. 4 for the quarter ending Aug. 1, said third- and fourth-quarter sales will both likely be 3 percent to 5 percent lower than the second quarter.

ADC reported second-quarter sales of $403 million. Analysts polled by Thomson Financial have estimated sales of $404 million in the third quarter and $386 million in the fourth.

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To: Brian who wrote (1932)8/9/2008 4:34:54 PM
From: Wallace Rivers   of 1944
 
Anyone know about the previously announced 68 mil. impairment charge? If some or all of it is in relation to auction rate preferreds (ARPS), as I believe it is, then this impairment charge would most likely go away in whole, or in part, given the actions taken by the major financial institutions in relation to ARPS.

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To: Wallace Rivers who wrote (1933)8/9/2008 6:57:57 PM
From: rrufff   of 1944
 
I believe you're correct re ADCT. I've been buying a bit here for that reason. The business is good. Management shouldn't have tried to get that extra short percentage but others made the same mistake. As you suggest, these losses may not actually occur.

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To: Wallace Rivers who wrote (1933)8/13/2008 10:31:06 AM
From: rrufff   of 1944
 
ADCT 10.28 + .12

ADC Signs Wireless Distribution Agreement with Canadian DistributorLast update: 8/13/2008 7:00:01 AMCrossover Distribution.com Corp to Promote ADC's InterReach Fusion and InterReach Unison Systems in Canada MINNEAPOLIS, Aug 13, 2008 (BUSINESS WIRE) -- ADC (ADCT) () today announced that it has signed a wireless distribution agreement with Crossover Distribution, a major Canadian distributor of wireless, telecom and CATV solutions based in Mississauga, Ontario. Through this agreement, Crossover Distribution will help expand ADC's market footprint in Canada through its nationwide network of certified VARs and resellers. Crossover Distribution will promote ADC's InterReach Unison(R) and InterReach Fusion(R) in-building cellular products, including a new version of InterReach Fusion designed exclusively for Canadian markets (see ADC Introduces InterReach Fusion System for Canadian Market press release, July 8, 2008).

"We are seeing growing demand for reliable, cost-effective in-building cellular solutions across Canada as our customers increase their reliance on wireless voice and data networks," said Darin Gibbons, vice-president of sales and marketing for Crossover Distribution. "ADC's solutions will allow us to enhance cellular coverage in large enterprise buildings and public venues, and will also give us the ability to provide multi-carrier solutions, as these are requirements our current offerings do not address."

"ADC is recognized as a global leader in providing network infrastructure products and services to the service provider community and they are a natural fit for Crossover's growing cellular business," said John Taylor, president of Crossover Distribution.

ADC's market-leading, in-building cellular systems have been deployed in over 12,000 locations worldwide. InterReach systems offer active, hub-and-spoke architecture that offers consistent signal strength at each remote antenna and enables full, end-to-end monitoring.

"Our new Fusion system supports all major Canadian carrier frequencies, and is being deployed to support the 2010 Winter Olympics in Vancouver," said John Spindler, vice president of product management for ADC. "This new partnership with Crossover Distribution will help accelerate our market growth for this system and other ADC solutions in Canada."

About Crossover Crossover Distribution.com Corporation is a value-added distributor of wireless broadband, in-building cellular, telecom and CATV technologies to the North American marketplace. These technologies are purchased by telephone companies, Internet service providers, cable TV operators and a national network of integrators, certified dealers, value-added resellers and contractors. Crossover provides full service sales, engineering, technical support and training for their key vendor partners. They have a breakthrough, secure, password protected E-Commerce website that resellers can use to place and track orders, as well as review ordering history and pricing rates. With offices in Toronto, Vancouver and Montreal, they offer nationwide coverage and smooth order fulfillment. For more information, please visit About ADC Network Solutions ADC's Network Solutions Business Unit offers products that deliver high-performance wireless coverage and capacity to business and consumer subscribers in any indoor or outdoor location. ADC is the global leader in advanced in-building wireless solutions and compact network systems, and is a leader in solutions that enhance coverage in macro networks. About ADC ADC provides the connections for wireline, wireless, cable, broadcast, and enterprise networks around the world. ADC's innovative network infrastructure equipment and professional services enable high-speed Internet, data, video, and voice services to residential, business and mobile subscribers. ADC (ADCT) has sales into more than 130 countries. Learn more about ADC at .

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include expectations and beliefs related to ADC's future financial performance. The statements made by ADC are based upon management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include those identified in the section captioned "Risk Factors" in Item 1A of ADC's Annual Report on Form 10-K for the year ended October 31, 2007, as may be updated in Item 1A of ADC's subsequent Quarterly Reports on Form 10-Q or other filings ADC makes with the SEC. ADC disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE: ADC

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To: rrufff who wrote (1935)8/13/2008 10:32:16 AM
From: rrufff   of 1944
 
ADCT 10.28 + .12 - ADC's Board Authorizes Share Buyback of Up to $150 MillionLast update: 8/13/2008 8:00:04

AMMINNEAPOLIS, Aug 13, 2008 (BUSINESS WIRE) -- ADC (ADCT)() today announced that the company's board of directors has authorized a share repurchase program for up to $150 million.

The program provides that stock repurchases may commence beginning in September 2008 and may continue until the earlier of the completion of $150 million in share repurchases or July 31, 2009. Any stock repurchases will be made from cash on hand and may be made from time to time in open market transactions or through privately negotiated transactions. To effect repurchases, ADC also may use accelerated share repurchase programs, arrangements using caps and collars, or other programs and arrangements as business and market conditions warrant. Any repurchased shares will be added to ADC's authorized but unissued shares. The final number of shares that the company repurchases, along with the timing of any share repurchases, will depend on prevailing market conditions. As of August 11, 2008, the company had approximately 117,720,000 shares of common stock outstanding.

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To: rrufff who wrote (1936)8/14/2008 8:38:37 AM
From: OldAIMGuy   of 1944
 
Thanks R, This is all quite interesting considering the recent price activity of ADCT.

Does anyone know the current short interest on ADCT?

Best regards, Tom

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To: OldAIMGuy who wrote (1937)8/14/2008 10:44:58 PM
From: rrufff   of 1944
 
Hi Tom -

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
7/31/2008 8,958,169 5,996,453 1.493911
7/15/2008 9,258,919 3,048,439 3.037266
6/30/2008 10,547,400 3,171,429 3.325756
6/13/2008 10,831,009 5,153,568 2.101652
5/30/2008 10,497,920 3,161,034 3.321040
5/15/2008 11,196,982 3,546,922 3.156817
4/30/2008 9,518,650 3,081,064 3.089404
4/15/2008 9,852,302 2,578,228 3.821346
3/31/2008 8,897,889 1,985,086 4.482370
3/14/2008 8,972,618 3,683,681 2.435775
2/29/2008 9,975,687 1,669,790 5.974217
2/15/2008 9,415,382 1,873,237 5.026263
1/31/2008 7,977,645 3,140,729 2.540062
1/15/2008 7,233,082 3,230,783 2.238802
12/31/2007 7,594,698 5,933,066 1.280063
12/14/2007 6,449,972 2,469,657 2.611687
11/30/2007 5,785,270 2,015,454 2.870455
11/15/2007 5,553,254 1,758,238 3.158420
10/31/2007 5,647,290 1,819,994 3.102917
10/15/2007 5,737,693 2,173,757 2.639528
9/28/2007 4,756,773 2,038,022 2.334015
9/14/2007 4,535,136 1,608,383 2.819687
8/15/2007 3,985,199 2,429,580 1.640283

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To: OldAIMGuy who wrote (1937)9/9/2008 8:20:33 AM
From: rrufff   of 1944
 
ADC Announces Start of Open Market Share Repurchases as Part of $150 Million ProgramLast update: 9/9/2008 7:00:03 AMMINNEAPOLIS, Sep 09, 2008 (BUSINESS WIRE) -- ADC (ADCT) () today announced that it will begin to repurchase its shares with cash in open market transactions. Initial purchases under this program will be pursuant to a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934. Following completion of this plan, ADC may then enter into an additional 10b5-1 plan or may use other transaction structures for the balance of the $150 million program.

On Aug. 13, 2008, ADC announced that its board of directors authorized a share repurchase program for up to $150 million. This program provides that stock repurchases may commence beginning in Sept. 2008 and may continue until the earlier of the completion of $150 million in share repurchases or July 31, 2009. The final number of shares that the company repurchases, along with the timing of any share repurchases, will depend on prevailing market conditions as well as the specific transaction programs and arrangements selected to buyback shares. As of Sept. 2, 2008, ADC had approximately 117.7 million shares of common stock outstanding. The shares repurchased by ADC are expected to be held as treasury shares.

"We are pleased to announce the initiation of our share repurchase program of up to $150 million as it reflects our confidence in the long-term potential of our business to continue our strong financial growth," said Robert E. Switz, chairman, president and CEO of ADC. "For the five-year fiscal period ending Oct. 31, 2008, we expect our compound annual growth rate to be in excess of 20% in sales and over 30% in cash flow from operating activities. These results demonstrate the successful execution of our strategy to position ADC in the high-growth segments of fiber-based and wireless communications networks that deliver broadband services to business, residential and mobile subscribers."

About ADC ADC provides the connections for wireline, wireless, cable, broadcast, and enterprise networks around the world. ADC's innovative network infrastructure equipment and professional services enable high-speed Internet, data, video, and voice services to residential, business and mobile subscribers. ADC (ADCT) has sales into more than 130 countries. Learn more about ADC at . Cautionary Statement Regarding

Forward Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include statements about ADC's share repurchase program and expected financial results. The statements made by ADC are based upon management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

These risks and uncertainties include those identified in the section captioned "Risk Factors" in Item 1A of ADC's Annual Report on Form 10-K for the year ended October 31, 2007, as may be updated in Item 1A of ADC's subsequent Quarterly Reports on Form 10-Q or other filings ADC makes with the SEC. ADC disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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