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Technology Stocks : PairGain Technologies

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To: neverenough who wrote (34930)11/25/1999 11:04:00 PM
From: Doug Bean  Read Replies (1) of 36349
 
Good find:
heres another that might mean something.
TELLABS, INC
TLAB 70.38
-2.88 -3.93%
DJIA 
11008.17 12.54
Nasdaq 
3420.50 77.63
Rus. 2000 
455.93 1.48
11/24/1999 4:30PM ET
NEW YORK -(Dow Jones)- Shares of Tellabs Inc. (TLAB) tumbled Wednesday after it said it will continue developing its AN2100 Gateway Exchange system even though Sprint Corp. (FON) decided not to proceed with its own development program in which the system was going to be used.
Tellabs's shares skidded $2.88, or 3.9%, to $70.38 on the Nasdaq Stock Market.
Late Tuesday, Tellabs reported it plans to continue developing the Gateway Exchange system. The Lisle, Ill., telecommunications-products maker said it has developed a different version of the product, known as AN2100 GX, for other potential customers. AN2100 GX is a system used to support telecommunications infrastructure.
Tellabs makes "digital cross-connect" switches that help phone companies and other corporations manage traffic on high-speed data networks
Sprint, the nation's No. 3 long-distance phone carrier recently reached an agreement to be bought by MCI Worldcom Inc. (WCOM) in a $115 billion megadeal.
Copyright (c) 1999 Dow Jones & Company, Inc.
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