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Technology Stocks : TLAB info?

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To: Bob Mehra who wrote (4887)1/26/1999 10:00:00 AM
From: Jack Kunkle  Read Replies (3) of 7342
 
Headline: RESEARCH ALERT - Tellabs (NASDAQ:TLAB) cut by ING Baring

CHICAGO, Jan 26 (Reuters) - ING Baring Furman Selz analyst Michael Neiberg said Tuesday he cut his rating on Tellabs Inc. to buy from strong buy.
· Q4 results were strong and at $0.62/shr were significantly ahead of consensus estimate.
· Based on limited visibility for timing and size of markets for new products and "modest upside" for price target of $93, analyst is slightly reducing rating.
· 1999 earnings estimate increased to $2.45 and 2000 estimate set at $3.10 chicago.equities.newsroom@reuters.com))

Copyright 1999, Reuters News Service
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