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

To: Brien Koehler who wrote (5957)	8/26/1999 5:02:00 PM
From: John Carragher	Respond to of 7342

Tellabs, Inc. Dow Jones Newswires -- August 26, 1999 DJ Tellabs Dn 9%; Co. Cites Cisco's Acquisition Of Cerent By Maria V. Georgianis NEW YORK (Dow Jones)--Tellabs Inc. (TLAB) shares fell nearly 11% on the perception that it would be hurt by Cisco Systems Inc.'s (CSCO) planned acquisition of telecom-equipment company Cerent Corp., a Tellabs spokesman said. Cerent is "not a major competitor" said Tom Scottino, director of investor relations for Tellabs. "We're going to see these guys in the market for sure," Scottino said, but he noted that Cerent competes more with companies such as Lucent Technologies Inc. (LU) and Nortel Networks Corp. (NT). Earlier Thursday, Cisco said it planned to acquire Cerent and Monterey Networks, a networking technology company, for about $6.9 billion in stock. In recent trading, Tellabs was down 5 13/16, or 8.6%, at 61 15/15, on volume of 11.2 million shares compared to average daily share volume of 3.57 million.