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

To: Keith Howells who wrote (4697)	1/5/1999 8:39:00 PM
From: jmac	Respond to of 7342

Your post says something behind the scenes. LU down, TLAB up. LU rumored to be looking. TLAB depressed because of the CIEN debacle. Possible?

To: Keith Howells who wrote (4697)	1/5/1999 10:55:00 PM
From: A. Edwards	Respond to of 7342

(Bloomberg) Birck told investors at the conference, which was closed to the public and the media, that he expects Tellabs to report 30 percent revenue growth this year and ''close to that'' in earnings growth. ''Our objective is 30 percent profit growth,'' he said. Analyst James Parmelee at CS First Boston forecast fourth- quarter revenue of about $495 million, about a quarter higher than last year on a pro forma basis. ''People are confident that the quarter is tracking according to plan,'' said Parmelee, who rates Tellabs ''strong buy.'' Early that month, the company told analysts it expected to meet fourth-quarter earnings estimates of about 59 cents a share. Analyst Levy expects earnings to reach 60 cents and others say profit could reach 61 cents or more.