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Strategies & Market Trends : Buffettology

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To: Fredman who wrote (666)12/10/1998 3:44:00 PM
From: jhg_in_kc  Read Replies (1) of 4691
 
Tellabs - SmartMoney Pick..pe of 25; grows 30%
Shares of the communications equipment manufacturer were up in Monday trading, thanks to a Sprint (FON) conference call Friday, during which the long distance company made positive comments about Tellabs' AN 2100, a transmission device that combines voice and data over a single network, says analyst Chandran Sarkar of Soundview Technology Group. He also believes analysts are generally more positive about the company because it is on track to meet its earnings projections of 59 cents a share for the fourth quarter. "It's still our favorite among telecom stocks because it's growing at 30% a year with a P/E of 25 –- very few S&P 500 companies are doing that," say Sarkar.
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