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

To: John Carragher who wrote (3852)	9/15/1998 7:37:00 PM
From: Dave Dickerson	Read Replies (1) \| Respond to of 7342

John- If you are referring to me, I'll put in my two cents. Tellab's is a roaring back right now.Historically, it's PE ratios have ranged from 20-45 in any one year. Right now it's 22. Remember back in 8/3/98 at a price of $75 ,it's PE was 40. Look at Cisco with it's PE of 70,and you can see that Tellab's is a steal at 22. Now the street headlines say Mike predicts "flat earnings", that means that Tellab's predicts .46 or .01 less than street. That's 35% over one year ago,certainly not flat. The main reason that it's not higher, is that Erickson's sales of Martis in asia are slower than projections,only +20% or so. I feel the day traders will get burnt on this stock, so be it. And it will take a couple of days for the arbs and other short termers to get out. Think about $.46/share that's a NET profit of about $930,222 per day,not bad. My review of literature suggests, suggests that Tellab's has at least 5 more robust year's of sales increases and net profits before worrying about totally new businesses to get into, plenty of time to make all sorts of new alliances and mergers. Talk is under way about potential joint ventures with Ciena in South America markets, a move that would benefit both cos. without all the merger hype. My goal is $70 by end of year. GOOD HUNTING. DAVE DICKERSON