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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (5382)	6/19/2001 4:26:57 PM
From: patron_anejo_por_favor	Read Replies (3) of 209892

<<Tellabs dropping da bomb.....and its a stinky>> YIKES! biz.yahoo.com Tellabs Revises Second Quarter Guidance LISLE, Ill., June 19 /PRNewswire/ -- Tellabs (Nasdaq: TLAB - news) today revised revenue and earnings expectations for the second quarter of 2001. Tellabs now projects second-quarter sales of about $500 million, compared with prior guidance of $780 million to $820 million. Earnings per share for the quarter are now expected to be break even before restructuring and other charges. The dramatic changes affecting the landscape of the telecommunications marketplace have continued to impact Tellabs. Service providers are temporarily able to meet increased customer demand for bandwidth by reallocating capacity within their networks and are only buying equipment to meet the immediate needs of their customers. Prior to the warning, revised earnings estimates were 0.29 for the quarter: biz.yahoo.com

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