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Technology Stocks : TLAB info?

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To: Brien Koehler who wrote (5341)	4/15/1999 12:08:00 PM
From: Brien Koehler	Read Replies (3) of 7342

JP Morgan sets target of $145 NEW YORK, April 15 (Reuters) - J.P. Morgan said its telecommunications equipment analyst Greg Geiling on Thursday initiated coverage of Tellabs Inc. (Nasdaq:TLAB - news) with a buy rating. -- said sees Tellabs as one of the only niche players in telecom equipment market that will be able to thrive in an industry increasingly dominated by large, diversified companies. -- said company is often able to bring the latest technology to the market ahead of its larger rivals. -- said over next 12 months, Tellabs' new products will begin to contribute significantly to Tellabs' top line growth. Sees new products accounting for 13 percent of total sales in 2000 and 36 percent of sales growth. -- said expects Tellabs to see 33 percent revenue growth and 28 percent earnings growth through 2000. -- said expects to see Tellabs' management seek acquisitions and joint ventures to bolster product development efforts. -- said set a 12-month price target of $145 a share. -- shares of Tellabs traded at $106.81, down $1.50 on Nasdaq.

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