CSFB Cuts ADC Telecom Estimates

Analyst James Parmelee says fourth quarter results are in line, but sales guidance for first-quarter fiscal 2002 falls below estimates

Credit Suisse First Boston cuts estimates on ADC Telecom (ADCT ) after it posts $0.07 fourth quarter pro forma loss per share on 62% revenues drop, and says that it sees "only modest" sequential quarterly growth in fiscal 2002.

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