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


To: John Biddle who wrote (2447)5/12/1998 1:33:00 PM
From: Beltropolis Boy  Read Replies (1) | Respond to of 7342
 
Coherent's Shareholders Approve Merger
May 12, 1998 12:22 PM

ASHBURN, Va.--(BUSINESS WIRE)--May 12, 1998--The shareholders of Coherent Communications Systems Corporation (CCSC) today approved the acquisition of their Company by Tellabs, Inc., (TLAB) in an exchange of stock worth approximately $800 million as valued at yesterday's closing prices.

Coherent Communications Systems Corporation today announced that its shareholders approved by a large majority vote the acquisition of Coherent by Tellabs, Inc., in an exchange of one share of Coherent common stock for 0.72 shares of Tellabs common stock.

At yesterday's closing price of $69.50 per share for Tellabs stock, the value of the transaction is approximately $800 million.

The proposed merger is subject to a review by the Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Department of Justice has requested additional information and Coherent and Tellabs are complying with that request. Currently that review is underway.

Coherent Communications Systems Corporation designs, manufactures and markets echo cancellation and conferencing products for major international telecommunications companies, cellular and PCS providers, network operators and Fortune 500 companies.

Tellabs designs, manufactures, markets and services voice and data transport and network access systems. The Company's products are used world-wide by the providers of communications services.

Also available via, coherent.com



To: John Biddle who wrote (2447)5/18/1998 11:50:00 PM
From: Jerryco  Read Replies (2) | Respond to of 7342
 
From Tellabs-Yahoo boards:

Top:Business and Finance:Stocks:Technology:Communications Equipment:TLAB (Tellabs Inc)

<- Previous Message 1035 of 1035ÿÿÿÿ Reply ÿÿÿÿÿ Forbes Article? What a joke!Tellabs_employee
May 18 1998
10:23PM EDTWhat a stupid remark. WDM will be used for extremely large transport between central offices. It is absolutely necessary to have DCS in the telco's networks to groom the lower rate lines, you know, like DS0, DS1, DS3, OC3... DUH!! I don't believe people are going to magically start using OC3+ pipes to their businesses/homes. Until then, a long long long time from now, people will be using 56, 64 kb/s, 1.544 Mb/s, and so on.....
These lines must be muxed/switched to higher rates, then groomed by DCSs for interoffice transport. What an idiot to say something like that, and as another person said, and is so very correct, ATM, frame relay, IP... its all carried over SONET frome the edge of the network all the way to the interoffice connections. It it usually starts at OC-3... Not WDM OC-192.
OK, point made, from your friendly TLAB ATM Systems Engineer.