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To: Judy who wrote (16174)	5/27/1998 2:34:00 AM
From: Johnny Canuck	Respond to of 68880

Sorry Judy, I don't have my conference call notes here at work. According to this news story it should be dilutive initially with a 2 to 3 cent charge on completion.. techweb.com Lisle, Ill.-based Tellabs said it will take a one-time charge of 2 cents to 3 cents a share with the acquisition, adding to earnings in 1998 and 1999. Wall Street is expecting Tellabs to report first quarter earnings of 35 cents a share. In the fourth quarter, Tellabs reported earnings of 42 cents a share, a penny ahead of estimates. TLAB wants Coherent for its international echo cancellation business. Most of TLAB's sales in echo cancellation is domestic. This gives TLAB more exposure to Asia on completion of the merger if I remember right. I can't remember Coherent's geographic break down of sales. I only had a chance to glance quickly at the news today and I don't see news to explain the drop so far in the telecom sector. It appears to be general profit taking on all the high flyers. Have you found any industry specific news? The ADCT conference call suggested that the outlook going forward was quite positive. Harry