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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 23, 1998
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ADC TELECOMMUNICATIONS, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 0-1424 41-0743912
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
12501 Whitewater Drive, Minnetonka, Minnesota 55343
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 938-8080
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. OTHER EVENTS.
The Company is attaching, as Exhibit 99.1 hereto, and incorporating
herein by reference, its press release dated January 23, 1998.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
99.1 Press release, dated January 23, 1998
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Dated: January 26, 1998
ADC TELECOMMUNICATIONS, INC.
By /s/ Robert E. Switz
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Robert E. Switz
Senior Vice President and
Chief Financial Officer
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EXHIBITS INDEX
Exhibit No. Page
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99.1 Press Release, dated January 23, 1998............. 4
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EXHIBIT 99.1
ADC TELECOMMUNICATIONS, INC. ANNOUNCES
FURTHER INFORMATION ON
FIRST QUARTER RESULTS
MINNEAPOLIS, Minnesota, January 23, 1998 -- ADC Telecommunications, Inc.
(Nasdaq: ADCT) announced today that the Company estimates first quarter revenue
to be in a range of 10% to 15% above the comparable quarter of last year.
Earnings for the current quarter are expected to be essentially flat with
earnings for the previous year's quarter prior to non-recurring charges. The
Company previously announced that revenues and earnings for the quarter would be
lower than analysts' consensus expectations as of January 14, 1998.
The Company continues to believe that first quarter performance is being
adversely affected by seasonality factors that typically impact its first
quarter results. In addition, based on an analysis of current order levels, the
Company now believes that reduced spending by communication service providers,
changes in sales mix for the Company's products, and unstable conditions in
Asian markets also will adversely affect first quarter results. The Company
will continue to monitor these developments to determine their effect, if any,
on results in future quarters.
ADC Telecommunications, Inc. designs, manufactures and markets a wide variety of
transmission and networking systems and broadband connectivity products for
fiber optic, copper twisted pair, coaxial and wireless broadband global
networks. The Company's products are used by telephone companies, other public
network providers (such as wireless, broadcast and cable TV operators) and
private voice, data and video network providers. Revenues for the fiscal year
ended October 31, 1997 were approximately $1.2 billion.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: Any forward-looking statements contained herein reflect management's
current expectations or beliefs. The Company cautions readers that actual
future results could differ materially from those in forward-looking statements
depending on the outcome of certain factors including the risks and
uncertainties identified in Exhibit 99 to the Company's report on Form 10-K for
the fiscal year ended October 31, 1997.
CONTACT: Robert Switz
ADC Telecommunications, Inc.
Telephone: 612-946-3555
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