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Technology Stocks : TLAB info?

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To: Chuzzlewit who wrote (2413)	4/21/1998 1:01:00 PM
From: Clay Enos	Read Replies (1) of 7342

FYI: S&P analyst Aydin Tuncer downgraded Tellabs, Inc. (Nasdaq:TLAB - news) to hold from accumulate even though the voice and data equipment manufacturer posted first quarter earnings per share of $0.37, up from the year-earlier $0.27 and $0.02 above Wall Street's mean estimate. He said that after 35% year-to-date appreciation, and given their 30% growth rate, the shares are fully valued at 32 times his $2.23 1999 earnings per share estimate. Get unbiased opinions on stocks in the news every trading day from S&P STARS Picks and Pans. Ah, what does he know?!

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