by: J. Amberger posted on: July 25, 2008 | about stocks: SAP Wednesday’s biggest loser on the U.S. markets was ADC Telecommunications, Inc. , a provider of broadband communications network infrastructure products and related services. ADT offers “solutions” (don’t you love the 90’s ring of that word?) involving the delivery of high-speed Internet, data, video and voice communications over wireline, wireless, cable, and broadcast networks. Shares dropped $3.07—23 percent in a single day! It closed at $10.30 after hitting a 52-week low of $9.70 earlier in the day. The crash was the result of downgraded earnings expectations: ADC now expects earnings of 18 cents to 26 cents per share for the fiscal year ending Oct. 31, down from its previous estimates of 31 cents to 39 cents per share. The sales outlook was lowered to between...
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