Re: TLAB + NN
Thread,
Well isn't this interesting. Got it off the NN thread. I don't think this was ever mentioned by TLAB before? What an interesting combo it may have made. Cross-connects and Mainstreet ATM switches. But more important, TLAB would bring professional management talent and credibility.
But if this deal was done it would have, more than likely, cratered TLAB's market value.
MikeM(From Florida)
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Tellabs May Unveil Next Acquisition by Year's End
New York, Nov. 17 (Bloomberg) -- Tellabs Inc., the biggest maker of equipment used to manage traffic on phone networks, is negotiating to buy a closely held company and may unveil an acquisition by year's end, Chief Executive Michael Birck said.
The purchase would be for less than $1 billion and probably add to earnings per share in 2000, he said. The company in talks with Tellabs has a product, though no sales yet. Birck declined to name it or say what kind of equipment it makes.
Tellabs, whose biggest competitor is Alcatel SA, has made three acquisitions this year and held preliminary talks with Newbridge Networks Corp. in March, Birck said.
It's planning to buy companies to add technology and make it more competitive by getting new products to customers faster, he said. ``Startups get products to market quickly,' Birck said in an interview at a Warburg Dillon Read conference. ``We've had some discussions going on that could produce something this year.' |
