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

To: jhg_in_kc who wrote (6149)	10/22/1999 3:06:00 PM
From: A. Edwards	Read Replies (1) \| Respond to of 7342

10/22/99 DLJ raised EPS, reiterated BUY: Tellabs Unleashes The Fight'n Titan, It Won't Die Rating: BUY 12-Mo. Target: $80 The Tellabs third quarter showed nothing short of exceptional sales growth and bottom line results. Tellabs expertly maneuvered itself through the quarter, once again beating the Street expectations. As usual, Tellabs' results were driven by impressive growth in its Titan sales, but other niche product areas filled in to help offset the expected slower growth of Martis. Sales of $595 million were up 40+% and reflected similar growth out of the Titan 5500 platform. Once again, as the result of strong earnings out of Tellabs, we find ourselves compelled to raise our earnings expectations for the coming quarters. We are raising our 1999 estimate to $1.34. We view the recent share price hibernation as a buying opportunity and maintain our buy rating on the shares.