Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (190768)	9/5/2002 4:26:13 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 436258

Tellabs sees Q3 below views; cutting 800 jobs (9:24 AM ET) Tellabs(TLAB: news, chart, profile)is saying that it expects third-quarter sales to drop 15 to 25 percent from its second-quarter total of $345 million, resulting in a loss for the period. Analysts polled by Thomson Financial/First Call were looking for breakeven results on sales of $339.8 million in the quarter. The Naperville, Ill., communications equipment firm cited weak spending by North American carriers for the shortfall. As part of plans to align expenses with revenue, the company will reduce its workforce by 800 employees. The stock closed Wednesday at $5.76, up 7.9 percent.