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Technology Stocks : TLAB info?
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To: DMaA who wrote (2532)6/4/1998 10:04:00 AM
From: DMaA  Read Replies (1) of 7342
 
Briefing Blurb:

Our Tuesday Stock Brief highlighted a few telecommunications services companies that we liked. One was Tellabs (TLAB), which bought Ciena (CIEN) yesterday. Though the market beat up on Tellabs because the merger would be dilutive to earnings in the first year, we think that this is a myopic view. Tellabs is solidifying its position in optical networking, an industry that offers huge growth potential for years to come. What they lose in 1998 they will make up in spades in years thereafter.
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