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


To: General Crude who wrote (4724)1/6/1999 10:17:00 AM
From: DMaA  Read Replies (1) | Respond to of 7342
 
A little air from the takeover balloon escaping. Briefing:

Tellabs Inc. (TLAB) 73 1/2 -5 5/16: CS First Boston maintains "strong buy" rating on telecommunications equipment manufacturer despite yesterday's 20% price jump; believes that no material new information emerged yesterday that accounts for the price run-up, although it seems to have been triggered by takeover speculation; gives low probability to a near-term take out of company; everything else on track, but stock appears frothy.....


frothy, you bet.