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To: gdichaz who wrote (2183)	2/20/1998 6:38:00 PM
From: Dave Dickerson	Respond to of 7342

To all- Recent news releases of Tellabs- Inc Nasdaq:TLAB [ Company Profile - Current Price ] Friday February 20, 1998 Coherent's Ashburn Headquarters to Become Center of Excellence for Voice Processing Following Merger With Tellabs - Business Wire - 7:01 am Thursday February 19, 1998 RESEARCH ALERT - Coherent lowered - Reuters - 12:07 pm Wednesday February 18, 1998 ONLINE INVESTOR: Tellabs: On the Way to 2B by 2K - Online Investor - 2:18 pm Tuesday February 17, 1998 Buoyant Dow higher by midday, straddles 8400 - Reuters - 1:11 pm HOT STOCK HIGHLIGHTS - Mergers churn stock prices - Reuters - 12:47 pm Tellabs Agrees to Acquire Coherent Communications - Standard & Poor's - 12:44 pm Coherent Communications Agrees to Be Acquired by Tellabs - Standard & Poor's - 12:44 pm Coherent Communications Systems to Be Acquired By Tellabs - Standard & Poor's - 12:43 pm Tellabs-Coherent deal seen adding to earnings - Reuters - 12:29 pm Dow rallies to new session highs in early trading - Reuters - 10:24 am Coherent jumps on Tellabs pact - Reuters - 10:02 am Dow heads for opening rally amid merger activity - Reuters - 9:05 am Wall St. stocks to open firmer, eyes Iraq - Reuters - 8:29 am U.S. HEADLINE ISSUES - Stocks to watch February 17 - Reuters - 8:26 am Safeguard Scientifics Announces 1997 Operating Results, Merger Of Coherent Communications With Tellabs and Anticipated Commencement Of DocuCorp International Rights Offering - PR Newswire - 7:41 am Monday February 16, 1998 Coherent Communications To Become Subsidiary Of Tellabs - Business Wire - 9:16 pm Coherent Communications to Become Subsidiary of Tellabs - PR Newswire - 6:38 pm Tellabs Inc upgraded by Merrill Lynch - Briefing.com - 4:33 pm Friday February 13, 1998 Tellabs Inc upgraded by Merrill Lynch - Briefing.com - 4:31 pm Tuesday February 10, 1998 Telmex Selects MartisDXX Managed Network Solution For Digital Leased Line Expansion in Mexico - PR Newswire - 12:26 pm Wednesday January 28, 1998 THE MOTLEY FOOL: Heroes and Goats - Coca-Cola Co (Coke), Oracle Corp, Tellabs Inc - Motley Fool - 6:00 pm Monday January 26, 1998 Tellabs Inc. Posts 4Q EPS of $0.42 vs. $0.32 - Standard & Poor's - 7:09 pm Tellabs Annual Revenue Breaks Billion-Dollar Barrier - PR Newswire - 5:35 pm Tellabs Inc downgraded by Merrill Lynch - Briefing.com - 5:12 pm Marketscope Marketmovers - Standard & Poor's - 4:46 pm Marketscope Marketmovers - Standard & Poor's - 12:43 pm Tuesday January 20, 1998 Tellabs to Supply MartisDXX Solution to Spice Telecom in India - PR Newswire - 11:02 am Friday January 16, 1998 THE MOTLEY FOOL: Baby Bells Causing Trouble - Motley Fool - 12:43 pm BancAmerica Robertson Stephens Initiates Coverage on Tellabs With a Buy Rating - PR Newswire - 11:00 am Wednesday January 7, 1998 Tellabs to Supply MartisDXX Solution to BPL-USWEST Cellular Network in India - PR Newswire - 11:56 am Wednesday December 10, 1997 Tellabs Adds Ethernet Data Support to CABLESPAN 2300 System - PR Newswire - 3:10 pm MediaOne Chooses Tellabs' CABLESPAN System for Cable Telephony - PR Newswire - 2:35 pm Tuesday November 25, 1997 Tellabs and Ericsson Extend Partnership Until 2004 - PR Newswire - 12:26 pm Tuesday October 7, 1997 REPEAT/R&D 'gets real' in computer, electronics industry - Business Wire - 1:44 DAVE DICKERSON

To: gdichaz who wrote (2183)	2/20/1998 7:29:00 PM
From: JMD	Read Replies (1) \| Respond to of 7342

Chaz, thanks for the kind remarks. A sense of humor seems a necessary element of holding a tech stock portfolio with a beta of 4 trillion. One of Gilder's greatest dead-on calls was the high definition television hysteria that swept through the U.S. in the mid-80's or thereabouts. This is at the same time when the Japanese were going to rule the world, buying Pebble Beach, and Rock Center, and oh by the way own the electronic industry cause they were going to make pretty pictures by pumping the hell out of analog signals. Congress was seriously considering a billion tax payer dollar boon doggle to fund a catch up high tech HDTV center to prevent our imminent slavery. Gilder came out and said: Hello, hello, digital, digital--the Japanese are completely blowing it. Do not spend any money on this--it's yesterday's news. Seems obvious now but that was pretty wild stuff in 1986/87. It is estimated that the Japanese vaporized $20 billion worth of yen on that goose chase which was a fair amount of dough then, and not a pittance now. I've been following him ever since. Hang on to your NT--I know you've been a lonely voice in the wilderness but I think they're a heck of a company. I just kind of stumbled into LU as a result of owning T and never got around to looking that hard at NT as a result. Tell you what, my NT handset is the best phone I've ever owned, bar none. Regards, Mike Doyle

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