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

To: Beltropolis Boy who wrote (4470)	12/9/1998 2:10:00 PM
From: DMaA	Read Replies (2) \| Respond to of 7342

Briefing.com blurb also for what it's worth: [They just cannot get past the Ciena deal] 10:50 ET****** TELLABS INC. (TLAB) 66 1/4 +2. Shares of data and video transport and network access systems for the telecommunications sector continue to move higher after the company announced the long-awaited contract from Sprint Corp. (FON 79 15/16 -3/4). While the stock had moved up last week on market chatter that a contract deal was in the works, participants are much relieved that this $100 million order finally came to fruition. Shareholders have experienced much pain during the past seven months after Tellabs announced plans to acquire once high flyer CIENA (CIEN 18 3/16 -3/8). While the deal was initially applauded, CIENA stumbled, failing to win a $100 mln contract from AT&T (T 69 +2). In fact, investors were also blind-sided by Tellabs own performance news in Q3 when the company announced that it would realize flat revenues due to a slowdown in the growth of the SONET-based TITAN 5500 and MartisDXX products. Back then, the stock was trading under $35 a share. Fast forwarding to the present, the stock has basically doubled from the lows experienced in early October, and while the stock is still more than one-third below the high experienced in early July, long term investors must have a sense of reprieve following a tumultuous and out of control roller-coaster ride they have experienced. While Tellabs still faces challenges ahead as further consolidation in the telecommunications arena will create more order delays or reconfigurations, the CIENA merger days seem to be behind it, although one should not be surprised if TLAB makes a run at CIENA again, but at a considerably lower price. Next time, however, management will be much more prudent about what it is willing to pay for contracts that have yet to be inked.