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Technology Stocks : TLAB info?

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To: Dave Dickerson who wrote (4025)10/7/1998 3:04:00 PM
From: Baldwin  Read Replies (1) of 7342
 
Dave,
Thanks for sharing Yahoo post. Bailey seems very well informed and willing to share info/tools/basics.

Here's more from Yahoo today:

"Mike Birck announced awhile back that 3q earnings probably would be flat (meaning 32% growth AGAIN??? LOL..see link)....and 4q98 on target.

NOTE: this is third quarter 1997 info!!!

"FOR IMMEDIATE RELEASE
10/06/97 CONTACT: Tom Scottino
(630) 378-7504
Tom_Scottino@pcmail.tellabs.com

TELLABS REPORTS BEST QUARTER IN COMPANY HISTORY
Third-Quarter Sales and Earnings Set Record Levels

Lisle, Ill. -- Telecommunications equipment manufacturer Tellabs, Inc., announced Monday record sales and earnings for the third quarter of 1997.

Sales for the third quarter, ended September 26, were $309,408,000, the highest for any quarter in the company's history and up 32 percent over sales of $234,340,000 in the third quarter of 1996. Sales for the first nine months of the year were $849,232,000, up 42.5 percent compared with sales of $596,069,000 a year earlier. This marks the 25th consecutive quarter in which Tellabs' sales surpassed prior-year levels.............."

tellabs.com

I bought last batch at $49, maybe time for more. :) I'd love to see Tellabs blow out numbers AGAIN..but we have been warned "FLAT."
 
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