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Technology Stocks : TLAB info?
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To: Muhney who wrote (4095)10/15/1998 10:34:00 PM
From: Chuzzlewit  Read Replies (2) of 7342
 
Muhney, analysis has nothing to do with the number of sales. This is a difficult report to decipher because of the Coherent acquisition which is accounted for as a pooling of interests. That means that all of Coherent's results are now included in the combined company.

Last quarter, before the inclusion of Coherent, and prior to restatement of earnings in accordance with pooling of interests accounting, Tellabs reported sales were $387.7 MM. This quarter including Coherent we have $423.5MM. I don't know what Coherent's quarterly sales were like, so it's impossible for me to draw any conclusion. If Tellabs sales were flat, then Coherent had sales of around $36MM for the quarter. Does this sound plausible?

TTFN,
CTC
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