ADC Telecommunications (ADCT) declared third fiscal 2008 financial results below our estimates. The company’s business was impacted by general macroeconomic weakness that resulted in restricted capital spending on the part of telecom service providers and original equipment manufacturers.

According to our assessment, the long-run business fundamentals remain intact for ADCT as increasing demand for video streaming and larger investments by enterprise customers for high-density data centers are expected to foster telecom carrier implementations for high-speed wireless and FTTX networking.

Deployment of fiber based networks continues to grow as a result of massive demand for greater bandwidth. Telecom service providers are likely to increase, or at least proportionate, capital expenditures for fiber connectivity following two years of ongoing industry consolidation.

The company’s ongoing restructuring is expected to result in meaningful cost savings over the next two years. While international business for the company accounted for 44% of its total third

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MondayEconomic: Construction (-0.6%), ISM (48.0)Earnings: Intrepid Potash (IPI), ABM (ABM), Luluemon (LULU), NCI Bldg (NCS)TuesdayEconomic: Auto/Truck, Factory Orders (0.1%)Earnings: Layne Christensen (LAYN), Toll Bros (TOL), Bob Evans (BOBE), Guess (GES), Hovnanian (HOV), SAIC (SAI)WednesdayEconomic: Weekly Crude, ADP (-30K), Productivity (2.5%), ISM Services (51.0)Earnings: Conns (CONN), Vimpel (VIP), Volt Sciences (VOL), Williams Sonoma (WSM), ADC Telecom (ADCT), Comtech (CMTL), FuelCell (FCEL), Martek (MATK)ThursdayEconomic: Weekly Claims (370K)Earnings: Ciena (CIEN), Del Monte (DLM), UTI Worldwide (UTIW), Cooper (COO), Focus Media (FMCN), Nat Semi (NSM), Quiksilver (ZQK), Take-Two (TTWO)FridayEconomic: Jobs Report (-52K, 5.1%, .2%), Wholesale Inv’s (0.5%)Earnings: N/Ahttp://stockweb.blogspot.com/atom.xml