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

To: Beltropolis Boy who wrote (6319)	12/22/1999 7:55:00 PM
From: Baldwin	Read Replies (1) \| Respond to of 7342

RESEARCH ALERT - Tellabs upgraded to buy CHICAGO, Dec 22 (Reuters) - ABN AMRO analyst Kenneth Leon said Wednesday he upgraded his rating of Tellabs Inc. <TLAB.O> to buy from outperform and selected the telecommunications equipment maker's stock as his top pick for year 2000. Leon said he is raising his 12-month price target to $90 from $70 and setting a 2001 earnings per share estimate of $2.25. He said Tellabs replaces Nortel Networks Corp. <NT.TO> as his top pick for next year. Leon said Tellabs' upcoming fourth-quarter earnings look "fine" and he is comfortable with the company meeting or exceeding his estimate of 40 cents a share. He also said 2000 should be another record year and he may revise his $1.69 a share 2000 earnings target upward as the year progresses. Leon said Tellabs should realize more than 30 percent revenue and earnings growth in 2000. Shares of Tellabs closed off 13/16 at 64-7/16 on Nasdaq. 16:34 12-22-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

To: Beltropolis Boy who wrote (6319)	12/22/1999 9:46:00 PM
From: Mike	Respond to of 7342

Chris, Thanks for the link to the conference call on Salix deal. It is very nice to research and listen at the sametime. Does anyone have any comments on this deal. Thanks also to Brien and others for the info. Happy Holidays, Mike

To: Beltropolis Boy who wrote (6319)	12/23/1999 11:23:00 AM
From: Mike	Respond to of 7342

Did not see this on my news services yet. FYI. Lets hope we get more. Mike Tellabs Inc. Reiterated `Strong Buy' at Prudential Here we go folks, they're going to let it run now. Princeton, New Jersey, Dec. 23 (Bloomberg Data) -- Tellabs Inc. (TLAB US) was reiterated ``strong buy' by analyst John H. Butler at Prudential Securities. The 12-month target price is $90.00 per share.

To: Beltropolis Boy who wrote (6319)	12/23/1999 11:35:00 AM
From: Mike	Respond to of 7342

Part 2 Part 2- article by: stephenmaisel 12/23/1999 11:01 am EST Msg: 11271 of 11274 Acquiring Salix will helps Tellabs get to market more quickly. "Salix's equipment allows us to play in the voice-over-IP market immediately instead of wasting time on internal developments," says Sabalaskey. At the same time, against Cisco Systems, Lucent Technologies or Nortel Networks (nyse: NT), Tellabs' advantage is that the company is not tied to a legacy-installed base product line. Tellabs is freer to become more aggressive as it moves into newer markets. "Unlike the other major vendors, we can act as a neutral new player," says Doug Rippe, director of global business development at Tellabs. Tellabs execs also say that, although the company may be on the quiet side as far as marketing goes, it is no less poised to take advantage of the growth of the Internet. "They may be less in the limelight, but I don't think that's to the detriment of their business model," says Dan Simpkins, founder and chief executive officer of Salix. According to analysts, Tellabs is best suited to transitioning traditional telecommunications carriers into being able to offer data and other multimedia services on a single infrastructure. "Much of their business is based on long-standing relationships," Simpkins says. The company already owns an industry-leading cable access platform, called Cablespan. But Tellabs is interested in participating in new markets, and could pursue developments or acquisitions of digital subscriber line (DSL) and broadband wireless technology.