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

To: llwk7051@aol.com who wrote (4027)	10/7/1998 4:05:00 PM
From: WaveSeeker	Respond to of 7342

Wow, did anyone see TLAB put on a scorching little move the last half hour? Closed up +1 to 34 1/2. It had held up very well all day under intense selling pressure, but all small sellers and many big buyers. - Mark

To: llwk7051@aol.com who wrote (4027)	10/7/1998 4:07:00 PM
From: Baldwin	Respond to of 7342

Oh my! (thanks for that correction); As compared to previous quarter then: FOR IMMEDIATE RELEASE 7/16/98 TELLABS REPORTS RECORD SALES AND EARNINGS FOR SECOND QUARTER AND FIRST HALF OF 1998 Gain on Stock Sale and Write-Off of Assets Affect Net Earnings Lisle, Ill. -- Tellabs, Inc., announced Thursday record sales and earnings for the second quarter and the first half of 1998. Sales for the second quarter ended July 3 were $387,719,000, up 32.5 percent over sales of $292,701,000 in the similar period of 1997. This marks the 28th consecutive quarter in which Tellabs' sales surpassed prior-year levels. Sales for the first six months of the year were $715,221,000, up 32.5 percent compared with sales of $539,824,000 a year earlier. Net income for the second quarter was $119,042,000 compared with $58,761,000 a year earlier. Results for the second quarter of 1998 include a pre-tax gain of $73,374,000 on the sale of stock held as an investment and the settlement of hedge contracts on those shares as well as a pre-tax write-off of $24,793,000 on assets of the company's Wireless Systems Division that were determined to be impaired. Excluding the effect of the second-quarter gain and charge, earnings increased 46.8 percent over those recorded in the second quarter of last year. Full release at this link: tellabs.com "Flat" still doesn't sound that bad to me :)