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

To: Daveyk who wrote (4674)	1/5/1999 5:28:00 PM
From: bananawind	Read Replies (1) \| Respond to of 7342

Tellabssays knows no reason for stock gain CHICAGO, Jan 5 (Reuters) - Telecommunications systems maker Tellabs Inc. said Tuesday it knows of no reason for a 20 percent gain in its stock value today. "We have made no announcements," a company spokesman said. "I haven't seen anybody make any announcements about us." Shares of Lisle, Ill.-based Tellabs closed up 13-1/16 at 78-13/16 with more than 11 million shares changing hands. The spokesman said Tellabs had made no announcements since Monday's news that Chief Financial Officer Peter Guglielmi had resumed normal duties after a five-month medical leave of absence. He said a company executive was scheduled to speak at a broker-sponsored conference in Phoenix Tuesday, but said he did not think the speech had begun.