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Technology Stocks : TLAB info?

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To: John Carragher who wrote (5734)	6/23/1999 12:01:00 PM
From: BI*RI	Read Replies (1) of 7342

Dain Rauscher Wessels analyst George Notter initiated coverage of Tellabs Inc. on Wednesday with a buy-agressive rating. --''We look for sustained strong growth in telecommunication traffic to continue to drive underlying demand for the company's flagship Titan 5500 and MartisDXX product offerings,'' Notter wrote in a research note. --Tellabs is expected to report a strong June quarter and Dain Rauscher pegs fiscal 1999 earnings per share at $1.25 and fiscal 2000 earnings at $1.58, the research note said. --The analyst puts Tellabs' 12-month price target at $82. --Shares of Tellabs were off 1-1/8 at 65-9/16.

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