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

To: steve beckle who wrote (4236)	10/24/1998 9:45:00 AM
From: Dave Dickerson	Read Replies (2) \| Respond to of 7342

Steve- what type of hunting? To all, a more average type of prediction for Tellab's price by end of year is $1.32 earnings for first 9 months plus $.61 net/share for 4th Q. = $1.93 net earnings for the year, times 34 PE ( average for telecommunications industry and closer to normal PE for Tellab's)=target price of $65 by end of year,or an increase of 20 % from current level of $54.18. That would mean an increase of 109% from recent beat-down lows of $31. A good start on a recovery. That leaves upward room for more price improvement, when Tellab's announces new products over the next 3-9 months. DAVE DICKERSON