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

To: Bretsky who wrote (5100)	3/11/1999 2:22:00 PM
From: A. Edwards	Respond to of 7342

Tellabs Shares Rise on Optimism About Strong Equipment Sales Lisle, Illinois, March 11 (Bloomberg) -- Shares of Tellabs Inc., a phone-equipment maker, rose as much as 8 percent amid optimism it will top earnings forecasts on strong demand for its products that direct traffic on local phone networks. The Lisle, Illinois-based company rose 4 3/8 to 89 1/2 in midafternoon trading. Earlier, the shares touched 91 15/16. Tellabs is seeing strong demand for both its traditional line of products for local-phone networks and newer products for networks that carry both voice and data traffic, said Eric Buck, an analyst at Donaldson, Lufkin & Jenrette Securities Corp. Buck, who met recently with Tellabs Chief Financial Officer Peter Guglielmi, said the sales refute speculation that Tellabs will play a diminished role as phone companies outfit their networks to carry Internet and data traffic. ''The business is going extremely well,'' said Buck, who rates Tellabs ''buy.'' ''Some people thought the changes in network architecture would hurt Tellabs, but there's no sign that's occurring.'' Buck said he hasn't changed his profit estimates of 49 cents a share for the first quarter and $2.45 for 1999, though they are ''very conservative.'' The company is expected to earn 49 cents in the current quarter, the average estimate of analysts surveyed by First Call Corp. Tellabs customers include large local companies, such as Bell Atlantic Corp., and long-distance carriers like Sprint Corp.