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

To: John Carragher who wrote (5083)	3/4/1999 12:27:00 PM
From: Moe Damghani	Read Replies (2) \| Respond to of 7342

CHICAGO, March 4 (Reuters) - Telecommunications equipment maker Tellabs Inc. rose more than 3 percent Thursday morning, boosted by bargain-hunting and spillover from gains in other technology stocks, analysts said. Tellabs was up $3.75 to $80.25. "I see many tech stocks up today after having been weak for quite some time," said Andy Schopick, analyst with NutmegSecurities. Analysts also said Tellabs had a sound financial outlook and remained a good buying opportunity, especially when thestock was below $80. "I think its a better name in the group, and people seem to want to own the stock," said William Magill, analyst with NationsBanc Montgomery Securities. "I don't see much downside in the (first) quarter, and I don't think they'll miss theirnumbers." Analysts could not pinpoint any fundamental news or rumors behind the rise in Tellabs but said the stock was historically volatile and a 4-5 percent move in one day was not unusual. Officials at Lisle, Ill.-based Tellabs, which designs and makes voice, data and video transport systems for telephone companies and long distance carriers, were not immediately available to comment on the stock's strength. chicago.equities.newsroom@reuters.com)) Copyright 1999, Reuters News Service