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Previous: ADC TELECOMMUNICATIONS INC, 10-K, 1999-12-30 |
Next: MERRILL LYNCH & CO INC, 424B3, 1999-12-30 |
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To ADC Telecommunications, Inc.:
We have audited in accordance with generally accepted auditing standards, the financial statements of ADC Telecommunications, Inc. and Subsidiaries included in this Form 10-K and have issued our report thereon dated November 24, 1999. Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The Schedule II is the responsibility of the company's management and is presented for purposes of complying with the Securities and Exchange Commissions rules and is not part of the basic financial statements. This schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, fairly states in all material respects the financial data required to be set forth therein in relation to the basic financial statements taken as a whole.
ARTHUR ANDERSEN LLP
Minneapolis,
Minnesota,
November 24, 1999
Schedule II—Valuation and Qualifying Accounts
| Description (In thousands) |
Balance at Beginning of Period |
Charged to Costs and Expenses |
Deductions |
Balance at End of Period |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year 1999 | |||||||||||
| Reserves related to business restructuring, including force and facility consolidation | — | $ | 39,000 | $ | 30,000 | $ | 9,000 | ||||
| Year 1998 | |||||||||||
| Reserves related to business restructuring, including force and facility consolidation | — | — | — | — | |||||||
| Year 1997 | |||||||||||
| Reserves related to business restructuring, including force and facility consolidation | — | — | — | — | |||||||
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