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

To: DMaA who wrote (5672)	6/17/1999 6:26:00 PM
From: John Carragher	Read Replies (2) \| Respond to of 7342

From : S&P ComStock Jun 17 1999 2:10PM Re : STOCKS IN NEWS,TELLABS, INC. ** 6/17/99 2:05 pm... DOWNGRADING TELLABS (TLAB 66*) TO HOLD FROM ACCUMULATE BASED ON VALUATION... Stock one of best performers in our telecom equipment group, up over 80% year-to-date thanks to solid financial results and new product introductions... However, TLAB trades at robust PE of 42X our 2000 EPS estimate of $1.56, above the high-end of its historical range... New products have helped to augment mature TDM-based product line... but still see strong risk of Tellabs making significant acquisition in either data networking or optical industries... Now see shares as performing in-line with market. /M.Cavallone