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

To: Chuzzlewit who wrote (2293)	3/26/1998 2:57:00 PM
From: Bob Martin	Read Replies (1) \| Respond to of 7342

Well, I've been looking forward to making this post ever since last summer when TLAB first broke $60 - TLAB went public in 1980, and the all-time low closing price occurred on 12-21-89 at $8.25. Now after a cumulative 12-1 split since then, that makes the low closing price $0.6875. Today, the intraday high hit $69.125, so TLAB is now officially - TA-DA! - a 100-bagger!!! to use Peter Lynch's terminology. Unfortunately for me, I don't have any shares that old, my oldest go back to the spring of '90. But to those of you here who have stuck with TLAB over the long haul, CONGRATULATIONS! Bob

To: Chuzzlewit who wrote (2293)	3/26/1998 3:33:00 PM
From: Dave Dickerson	Respond to of 7342

Paul- good to talk to you. It's my experience, that Tellab's has split in each of the previous last 4 years, but not in 1997, due to ML. and asian flu etc. and being sideways in price from Sept. '97 to late Jan. '98. I feel that a price from $ 68 to $80, will probably trigger the Bd. of directors and Mgt. to come up with a stock split, as they prefer the price to be in the $34 to $42 mark, IMHO. Thus said,I feel that there is a 70% chance that the Bd. will announce a 2 for 1 split at the annual mtg. on April 10th,1998. When gross income is growing about 32% per year, and net income is growing by about 52%+ per year and with a range of historical PE ratios, between 20 and 45,it's logically, that the stock will be splitting every 12 to 15 months or so. Go to quicken.com for a 5 year chart on Tellab's, as well as 25 day moving averages of prices, and you will see that Tellab's rate of growth has not slowed down, if anything it has speed up it's rate of price increase (notice I use rate of growth and price increase interchangably) over these 5 years. Also notice that the 4 month price slump, hardly shows up. Now should you be buying a stock,just before you think it will be splitting? If you are a long time investor in Tellab's, most anytime is a good time to be buying the stock, esp. when the price was dormant in the $40's from 9/97 to 1/98, and if you had done your homework, and knew the value of this company. Now, in no way, are any of my remarks intended as recommendations, for the short time T.A. "investor", as I have no idea of Tellab's short term (1 to 90 day's) price directions. SINCERELY DAVE DICKERSON