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

To: Baldwin who wrote (4864)	1/25/1999 5:23:00 PM
From: Sueponine	Read Replies (1) \| Respond to of 7342

CNBC reports TLAB trading $85 in after hours. Sueponine.

To: Baldwin who wrote (4864)	1/25/1999 5:27:00 PM
From: A. Edwards	Respond to of 7342

Comments by Birck on Q4 98: "Strong revenue growth in 1998 was driven largely but not exclusively by our two flagship products," said Tellabs President and CEO Michael J. Birck. "While sales of the TITAN(R) 5500 digital cross-connect system increased 38 percent over 1997 and MartisDXX(TM) system sales were up 36 percent, revenue from other product areas also increased significantly. Sales of our narrowband TITAN digital cross-connect systems grew 28 percent, echo canceller sales, augmented by the August merger with Coherent Communications, increased 76 percent, and our CABLESPAN(R) product showed a 53 percent sales increase over 1997." Late in the quarter, Tellabs announced that it would supply its AN2100 Gateway Exchange(TM) system, a next-generation voice/data switch, to Sprint under the terms of a new, multi-year agreement valued at more than $100 million. Blending Tellabs' echo canceller and TITAN 5500 digital cross-connect technology with packet and cell technologies to perform multimedia adaptation and switching, the new AN2100 system will allow Sprint to place traditional, switched telephone services on its core ATM backbone, while consolidating or eliminating legacy TDM network switching elements. "We expect to introduce major new products in optical networking, ATM transport and switching, and in combined voice and data access during 1999," Birck continued. "These initiatives represent good entrees to the future."