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Technology Stocks : TLAB info?
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To: Trey Yon who wrote (1282)10/7/1997 12:18:00 AM
From: John Biddle   of 7342
 
Can't say I think much of charting. It's my opinion that stock prices and company fortunes move together, though sometimes loosly coupled. Tellabs seems to me to be a great company with steady growth (profits and sales), excellent R&D and a good understanding of where the market is going.

If you think that TLAB is going to continue to go down just because it dropped $10 or more in the last few weeks then I think you are not only wrong, but ignoring all the evidence. First, the Finnish currency problem will not be an ongoing problem. Second, the market's guess that TLAB was hurting because of Reptron Electronics saying that there was a purchasing slowdown from one of its largest customers was wrong. The market has since corrected.

I think you'll see TLAB up from here.
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