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Technology Stocks : TLAB info?

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To: chipchap who wrote (5245)	4/5/1999 11:04:00 AM
From: Dave Dickerson	of 7342

Chipchap- Mike's honest comment had to do with the "over"enthusiasum that analysts greeted the proposed merger with Ciena. The co. continues to grow gross at about 35-39% per year and net earnings go up about 44-48% per year. I would view Tellab's as getting ahead of itself a little, if it got over $145 in 1999. Now it's been my experience, that it's PE ranges from 16 to 40,so that is part of it's normal variation. Mike also knew and didn't comment on , that when price reached $31 last year, that was way behind where it should be. Today's news on double big Titan was greeted by a lot of ENTHUSIASUM by the over 30 major reps of leading service providers that visited recent trial of FP6.0. There will be excellent reviews,as the 3-6 major new products ( hybrid fiber-optic type products included) are unviewed in next 2-7 months. Look for a good bump in price with each new announcement. IMVHO Tellab's is about $20-40 shy in current share price due to need of major analysts that follow Tellab's, to be reassured that Tellab's will participate in fiber optic (Read George Gilder) growth of telecom. egt. buildout. I still feel that a 2 for 1 split is soon to be. Good Hunting DAVE DICKERSON

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