Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: A. Edwards who wrote (5630)	6/11/1999 10:33:00 AM
From: llwk7051@aol.com	Respond to of 7342

BancBoston Robertson Stephens Initiates Coverage of TLAB With a Buy Rating SAN FRANCISCO, June 11 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior communication equipment analyst Paul Silverstein today initiated coverage of Tellabs, Inc. (Nasdaq: TLAB), with a Buy rating. Tellabs, headquartered in Lisle, Ill., is one of the world's premier vendors of communications transport equipment. The company develops, manufactures, markets, sells and supports a comprehensive family of communications transport infrastructure. "We are initiating coverage of Tellabs with a Buy rating. We are introducing our 1999 and 2000 earnings per share estimates of $1.24 and $1.55, respectively," said Silverstein. "We believe the stock represents a compelling investment opportunity as the company continues to richly participate in the ongoing communications infrastructure build-out. "Tellabs is a primary beneficiary of this build-out, which we believe is many years from maturity, more than tripling its revenues in the last four years," said Silverstein. "Looking ahead, we believe the company has mapped out an impressive product strategy to substantially increase its addressable market opportunity by significantly expanding its transmission infrastructure product solutions." Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE BancBoston Robertson Stephens CO: BancBoston Robertson Stephens; Tellabs, Inc. ST: California, Illinois IN: CPR FIN SU: RTG 06/11/99 10:21 EDT prnewswire.com

To: A. Edwards who wrote (5630)	6/11/1999 5:23:00 PM
From: Indelible	Read Replies (1) \| Respond to of 7342

A.Edwards...from June issue of Telecom Magazine Tellabs Bounces Back with Metro DWDM Platform LISLE, Ill.--A year ago, Tellabs CEO Michael Birck announced a multibillion dollar merger with Ciena Corp., citing that while his company was working on a dense wavelength division multiplexing (DWDM) platform, he didn't think it could get one to market quickly enough. When the merger fell through several weeks later, there was speculation that Tellabs itself would need to be acquired to stay afloat. But the networking company, which supplies cross connects to just about every major telco, has responded with its own DWDM solution--one that is drawing praise from analysts and interest from small and large service providers alike. The company, which had nearly $1.7 billion in revenue in 1998 and posted a record first quarter with $470 million in sales, has now set its sights on becoming a $6-billion company by 2003. While the target with Ciena was quick entry into the escalating long-haul DWDM market in North America and Europe, Tellabs has focused its new product, the Titan 6100 Optical Transport System, on the metropolitan area market. “The metro market is less mature than the long-haul space and that has worked in our favor in terms of bringing a product to market,” said Rob Pullen, vice president of development and marketing for the Digital Systems Division at Tellabs. “There were only six to eight weeks with the Ciena merger when our own internal DWDM product development was out of sight. It was never out of mind, though.” According to analysts, there are a few things that set Tellabs' offering apart. One is its flexibility in addressing--in a single platform--end-to-end lightpath management for both mesh and ring network configurations and an evolution path for point-to-point networks to ring and mesh networks. “We're going to manage lightpaths like SONET and T1s are managed today,” Pullen said. A second standout feature is the all-optical pass-through of traffic that does not need to be terminated locally. For example, traffic traveling from Point A to Point C is not converted at Point B. Because there is no optical-electrical-optical conversion in the path, this type of system is considered to be more reliable. Many current systems require use of back-to-back terminals linked by transponders to deliver the same mesh pass-through capabilities. “Here is a way to not demux a signal when it reaches a point, but rather to have it pass through,” said Robert Rosenberg, president of Insight Research Corp. “Tellabs is not unique in that, because I believe Lucent has that capability as well, but they seem to be doing it effectively and very cost efficiently. They also have a number of different products that this platform maps well to--including the 4500 series for T1/E1 and T3/E3.” Mat Steinberg, director of optical networking at RHK, said the 6100 fits into Tellabs' core strength: the local market. “They have a real understanding of what their customers' traffic patterns are like, and they are playing right into that with a metro product,” Steinberg said. “The 6100 will be tied very closely to the 5500, and the fact that they can integrate network management into the equation is a huge deal.” The 6100 product is the first in a planned Titan 6000 family of products for optical networking. The platform for metro networks can be modified for long-haul use and future releases will expand on the product in terms of capacity, distance and operations, administration, maintenance & provisioning (OAM&P). The product has attracted the interest of several CLECs, which would deploy the 6100 in every central office to create a mesh network. The incumbents are first looking at the product for fiber exhaust relief, but will eventually be interested in it to migrate to mesh networks. The 6100 can stand alone, but will be integrated into other Titan products. Tellabs is expected to announce a next-generation Titan 5500 system this month at SUPERCOMM.--Sue O'Keefe/Boston.FWIW-John