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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (7018)	4/21/1999 5:46:00 PM
From: Baldwin	Read Replies (3) \| Respond to of 12623

I don't see anything here about TLAB buying CIEN...do you? Tellabs Sets 2-for-1 Stock Split, Sees Sales Tripling by 2003 Lisle, Illinois, April 21 (Bloomberg) -- Tellabs Inc., which makes equipment for local phone networks, announced a 2-for-1 stock split and said it expects annual sales to triple to $6 billion by 2003. Tellabs shares rose 5 to 102 9/16. The shares have risen more than threefold since last October, when they plunged on concern the company's planned purchase of Ciena Corp. would hurt profit. Since Tellabs scrapped its plans with Ciena, the stock has rebounded on expectations of rising sales and profits. The Lisle, Illinois-based company 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. Chief Executive Michael Birck, the company's largest shareholder, in October 1995 predicted $2 billion in annual sales by 2000. The company ended 1998 with $1.6 billion in revenue and reported record sales of $423.5 million in the first quarter. The company had about 195.8 million shares outstanding as of April 2. Apr/21/1999 17:12 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.