Key Developments For ADC Telecommunications, Inc.
ADC Telecommunications, Inc. (ADCT.O) (Nasdaq)
ADC Telecommunications, Inc. Issues Q1 2010 Outlook; EPS Outlook Below Analysts' Estimates; Comments On FY 2010 Revenue Outlook
ADC Telecommunications, Inc. announced that for the first quarter of 2010, it expects net sales to be within the range of $250-$275 million and GAAP diluted earnings per share (EPS) to be within the range of a loss of $0.15 to a loss of $0.05, which includes non-cash amortization expense of $0.05 per share and excludes potential non-cash charges or restructuring that the Company cannot estimate at this time. Along with any improvement in the global economy, fiscal 2010 revenue is expected to resume the normal seasonal patterns. According to Reuters Estimates, analysts on an average were expecting the Company to report GAAP EPS of $0.05 on revenue of $274 million for the first quarter of 2010; revenue of $1.137 billion for fiscal 2010.
ADC Telecommunications, Inc. And Tyco Electronics Ltd. Reach FTTX Licensing Agreement
ADC Telecommunications, Inc. announced that Tyco Electronics has taken a license to certain ADC patents directed to fiber-to-the-premises (FTTX) technology. The licensing agreement between the two companies settles existing litigation between the companies. ADC`s patents relate to fiber distribution hubs, optical splitter modules and fiber drop terminals that are widely deployed in the FTTX environment. In its patent case, ADC alleged that Tyco Electronics infringed various ADC patents, including ADC`s U.S. Patent Nos. 7,200,317 ("the `317 patent"), 7,233,731 (the 731 patent) and 7,407,330 (the 330 patent), which are directed to fiber distribution hubs, and ADC`s U.S. Patent Nos. 7,397,997 (the `997 patent) and 7,400,815 (the 815 patent), which are directed to fiber drop terminals. Tyco Electronics also asserted one of its patents, which was assigned to ADC as part of the settlement.
ADC Telecommunications, Inc. Issues Q4 2009 EPS Guidance; Revenue Guidance In Line With Analysts' Estimates
ADC Telecommunications, Inc. announced that for fourth quarter of 2009, it expects net sales to be within the range of $160-175 million and GAAP diluted earnings per share (EPS) of a loss of ($0.06) to earnings of $0.02, which includes non-cash amortization expense of $0.03 per share and excludes potential non-cash charges or restructuring that cannot estimate at this time. According to Reuters Estimates, analysts were expecting the Company to report revenue of $165 million for fourth quarter of 2009.
ADC Telecommunications, Inc. Raises FY 2009 GAAP EPS Guidance; Revises FY 2009 Revenue Guidance In Line With Analysts' Estimates
ADC Telecommunications, Inc. revised its third quarter of 2009 guidance and expects revenue results of around $280 million, GAAP diluted earnings per share (EPS) of $0.05 to $0.10, which includes non-cash amortization expense of $0.06 per share and excludes potential non-cash charges or restructuring that we cannot presently estimate and non-GAAP EPS of $0.11 to $0.16 cents. According to Reuters Estimates, analysts on an average are expecting the Company to report GAAP EPS of $0.03 on revenue of $281 million for the same period.
Grand River Mutual Telephone Corp. Selects ADC Telecommunications, Inc.'s Equipment To Build Advanced FTTH Network In Rural Missouri And Iowa Communities
ADC Telecommunications, Inc. announced that Grand River Mutual Telephone Corp. has standardized on the Company's equipment to overbuild its existing copper network with Fiber to the Home (FTTH). The first phase of the network upgrade, which began in April in Bethany and Princeton, Missouri and Leon, Iowa, is expected to be completed by summer of 2010.
