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ADC stock rises as forecast beats estimates
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ADC stock rises as forecast beats estimates
Shares of ADC Telecommunications Inc. rose 11 percent Friday after the Eden Prairie maker of phone networking equipment projected annual sales that slightly topped analysts' estimates. After the market closed Thursday, ADC predicted revenue of as much as $1.52 billion for the year ending in October. That compares with the average $1.51 billion estimate of 13 analysts in a Bloomberg survey. ADC shares rose $1.01, their biggest gain since Dec. 13, to close at $10.18.
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Blog: Patent Pending
Wisconsin kicks our butt
Yee gads! We already know that Wisconsin has superior angel tax credits than Minnesota (and by superior, I mean it actually HAS them) but this is getting ridiculous. It would be perfectly understandable if the Badger State wanted to sit on its laurels and count the Minnesota startups fleeing to Madison or Hudson. Instead, as Minnesota [...]
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