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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 488.02

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Dec 24 12:59 PM EST

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To: bobby is sleepless in seattle who started this subject	6/19/2001 5:34:47 PM
From: keithcray	Read Replies (1) of 26752

Tellabs (TLAB) 21.20 -1.10: -- Update -- Notes that CLECs continue to exhibit extreme softness and that most of the spending being done is coming from incumbents... Says that it is still getting its fair share of carrier spending, but that the problem is that carriers have cut back on spending... did say that business outside the U.S. remains a bright spot... TLAB -3.20 Tellabs (TLAB) 21.20 -1.10: -- Update -- On call, details Q2 revenue projection of about $500 mln in following manner: $210 mln from optical networking business; $150 mln from broadband access; $100 mln from professional services; and $40 mln from voice-enhanced business... clarifies that it continues to see stable pricing trends across all of its products... notes that it will recognize $13 mln in revenues from one customer in Q2 from a combination of Titan 6500 and 6100 products; however, it is shipping to more than one customer... TLAB -3.35 After Hours Movers : Changes vs. the 4pm ET close: The Tellabs warning hasn't surprised the markets much. TLAB -3.40 on its warning but sector peers are relatively inactive. Late session activity remains concentrated in many of the active names from the regular session... ORCL -0.06, CIEN -0.59, BRCD -0.63, SEBL -0.30, AMAT -0.01. Tellabs (TLAB) 21.20 -1.10: -- Update -- On call, says that it has experience more pronounced weakness than it expected in Q2... isn't providing any specific guidance beyond Q2, but says that it anticipates several more challenging quarters ahead... reiterates its confidence in its long-term prospects as it notes its market share position remains intact... TLAB -3.35

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