TLAB info? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TLAB info?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bruce Hampton who wrote (1238)	10/1/1997 4:40:00 PM
From: Dave Dickerson	of 7342

Bruce- The total volume was about 14 million shares, about 6 times normal volume. The rummor traders,naysayers,etc. tried to take Tellabs down ( low point for the day $47.25 ) , but the fundamentals of the company helped it rebound to $50 7/8 ( down only 5/8). Part of down trade was inferrance that Tellabs business is weak, because Reptron's earnings for 3rd 1/4 were expected to be below analysts' expectations. Hey, let's let each company stand on it's own net earnings reports. And the other deal was WorldCom merging with MCI and thus "depriving Tellabs of future sales to MCI". Again it's a highly competitive world out there,but the company with the best products and the ones that have the best technology will get more than their fair share of sales, it's been that way for the last 23 years that Tellabs has been in business. Tellabs CEO is "very comfortable" with analyst's estimates of $.33 net income per share (read that to mean that the guy owns about 11% of Tellabs and he is getting tired of it's value getting hammered on rumors,and he will do all in his power to see to it that $.33/share is met) DAVE DICKERSON

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next