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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Samuel Wayne Turner who wrote (14648)	11/17/1999 4:22:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

TLABs confirmed talks with NN in March 1999: New York, Nov. 17 (Bloomberg) -- Tellabs Inc., the biggest maker of equipment used to manage traffic on phone networks, is negotiating to buy a closely held company and may unveil an acquisition by year's end, Chief Executive Michael Birck said. The purchase would be for less than $1 billion and probably add to earnings per share in 2000, he said. The company in talks with Tellabs has a product, though no sales yet. Birck declined to name it or say what kind of equipment it makes. Tellabs, whose biggest competitor is Alcatel SA, has made three acquisitions this year and held preliminary talks with Newbridge Networks Corp. in March, Birck said. It's planning to buy companies to add technology and make it more competitive by getting new products to customers faster, he said. ''Startups get products to market quickly,'' Birck said in an interview at the Warburg Dillon Read Telecom Conference in New York. ''We've has some discussion going on that could produce something this year.'' Shares of Lisle, Illinois-based Tellabs rose 1 3/16 to 73 3/8 in late trading.