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Technology Stocks : TLAB info?

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To: llwk7051@aol.com who wrote (3587)9/10/1998 6:38:00 AM
From: llwk7051@aol.com  Read Replies (1) of 7342
 
Tlab says it did not know about contract loss.
Linthicum, Maryland, Sept. 9 (Bloomberg) -- Tellabs Inc. and Ciena Corp. denied a Bloomberg News report that the companies knew Ciena wouldn't win a contract from Digital Teleport Inc. when Tellabs renegotiated an agreement to buy Ciena last month.

The companies had no prior knowledge of the $240 million contract that Digital Teleport announced today with Italy's Pirelli SpA, said Tom Scottino, a Tellabs spokesman.
Robert D.
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