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

To: Pirah Naman who wrote (1797)	12/24/1997 1:01:00 PM
From: Dave Dickerson	Read Replies (1) \| Respond to of 7342

Pirah- To all-Have a very merry Christmas. Things have been bumpy with Tellabs and many other stocks for some time. First, Tellabs warned last quarter that analysts and the general public need to quit expecting Tellabs to beat the consensus of highly educated analyst's opinions on growth in net earnings per share by 10 to 20%. Next the Asian flu hit the market, with all it's ramifications. In my view these two items really don't alter very much, Tellab's overall growth prospects and future. If you look at the "First Call" report on Tellab's , updated as of 12/22/97, 24 brokers feel that FY 1997 net per share will be $1.33, with a implied PE of 38.5. They feel that FY 1998 net per share will be $1.71 with a implied PE of 29. On a scale of 1=buy and 5=sell,the 24 brokers have Tellab's rated a 1.5. They feel that 4th 1/4 1997 net earnings will be $.41/share, which would be up 28% over one year ago. In the last 90 days, 2 brokers have revised their estimates downwards and 36 brokers have revised their estimates upwards. By the way, the next quarterly earnings announcement is expected 1-15-98. This stock has been flat for 3 months or so,and represents currently a good value, IMHO. I feel that "new" money coming into the system in Jan. and Feb. should change it's direction upwards. Not much has changed the five year historical growth trend in EPS, which is 57.1%. Have a good holiday. As a educated long term investor in Tellab's, you need to have the priviledge of excess turkey spoiling your day and not the market. DAVE DICKERSON