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

To: Dave Dickerson who wrote (5264)	4/7/1999 10:59:00 AM
From: Baldwin	Respond to of 7342

Dave...........great advice!!!!!!! sidenote to Ruth: Dave does an enormous amount of due diligence & then is kind enough to pass it on to the folks that read this thread..your assessment of him is correct. For what it's worth.......i decided to take some profits on a very small portion of my TLAB holding (new summer shoes?)and last week initiated a sell order at $110 or above. My broker's assistant thot i was nuts to have it set so high above the ask at that time. This morning, my gut told me to ratchet that up to $118. Dern, i may have to call her back again! (VBG = very big grin) Long Tellabs, Baldwin

To: Dave Dickerson who wrote (5264)	4/7/1999 11:53:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 7342

levy's latest -- over a week old. ----- Tellabs, Inc: And the New Product Announcements Continue Author: Steven D. Levy (212)526-2499/ Sender Cohen x3777/ Andrea Green x3860 Rating: 1 Company: TLAB Rank (Old): 1-Buy Rank (New): 1-Buy Price : $100 1/16 52wk Range: $100-31 Price Target (Old):$110 Price Target (New):$110 Today's Date : 03/30/99 Price (As of 3/29): $100 1/16 Revenue (1999): 2.2 Bil. Return On Equity (99): 35.7% P/E 1999; 2000 : 40.7 X; 31.8 X Disclosure(s): C Highlights: * Tellabs announced an important new product yesterday, the TITAN 4500GS, which acts as a gateway between SONET and SDH networks. * This announcement is on or ahead of schedule - another positive in our view - given Tellab's mixed history of delivering new products on-time. * The initial release of the TITAN 4500GS should be available in May and while we believe this product is not likely to be material to 1999 earnings, it could be a source of some upside in the second half of this year. * The new product announcement, combined with the bullish tone of the overall stock market, thrust Tellab's share price above 100 yesterday. * We believe Tellab's stock price should have no problem reaching our current $110 price target and that expansion of the current P/E multiple and increases in earnings forecasts, or both could occur, resulting in the potential for the shares to rise above this $110 price target. Summary: Tellabs announced an important new product yesterday, the TITAN 4500GS, which acts as a gateway between SONET and SDH networks. We have previously stressed the importance of new products to the Tellabs story and this announcement is the first of three that we are expecting over the next few months. This announcement is on or ahead of schedule - another positive in our view - given Tellab's mixed history of delivering new products on time. The initial release of the TITAN 4500GS should be available in May and while we believe this product is not likely to be material to 1999 earnings, it could be a source of some upside in the second half of this year. The new product announcement, combined with the bullish tone of the overall stock market, thrust Tellab's share price above 100 yesterday. The shares are now trading at 41x 1999 EPS and 32x 2000 EPS while we are forecasting a 28% growth rate. We believe Tellab's stock price should have no problem reaching our current $110 price target and that expansion of the current P/E multiple is possible and increases in earnings forecasts are likely, either of which should they occur would result in the shares rising materially above our target. Tellabs remains our Number One investment idea. ----- Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the past three years a public offering of securities for this company. B-An employee of Lehman Brothers Inc. is a director of this company. C-Lehman Brothers Inc. makes a market in the securities of this company. G-The Lehman Brothers analyst who covers this company also has position in its securities.

To: Dave Dickerson who wrote (5264)	4/13/1999 10:07:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 7342

Telemig Provides High-Speed Data Services with Tellabs Equipment in Brazil April 13, 1999 09:49 AM LISLE, Ill., April 13 /PRNewswire/ -- Tellabs (TLAB) announced today that Telemig, a telecommunications provider in Minas Gerais, Brazil, is deploying Tellabs' MartisDXX(TM) service delivery platform to increase the speed and efficiency of its data services offering. The MartisDXX system allows Telemig to offer ISDN, ATM, frame relay and digital PABX services, not only in Minas Gerais, but throughout the area served by its parent company, Tele Norte Leste. The new technology is being installed in over 80 locations covering nine state capitals served by Tele Norte Leste. Telemig's network director, Walquirio Jose Farias Tostes, explained that with the MartisDXX platform Telemig is capable of incrementally increasing network capacity to meet future demand for data, voice and image transfer services. "In providing high-quality service, we will be satisfying the client and, at the same time, consolidating the image of Telemig as one of the most efficient and modern communications service operators in the country," Farias Tostes said. Gaston Pereira, vice president and general manager for Tellabs Latin America and the Caribbean region said, "Since the privatization of the Brazilian telecommunications market first began, the country has never been in a better position. Today, there is a growing market with companies like Telemig eager to provide quality services, maintain their client base and expand their high tech expertise. We are excited by the opportunities our partnership with Telemig will bring to this dynamic market." The MartisDXX system is currently in operation in more than 150 networks in 60 countries worldwide, providing intelligent transport for mobile services and multi-service platforms for a broad range of business services, including LAN interconnection, digital leased lines, frame relay, PBX and IP interconnection. Telemig, a former state-owned company, recently acquired by Tele Norte Leste, has decided to make large-scale investments in its data transfer services. It aims to satisfy users' requirements and maintain leadership position in one of the fastest growing sectors in the telecommunications market in Brazil.