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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (30398)	4/21/1999 4:56:00 PM
From: JeffA	Respond to of 90042

TLAB BABY! Wednesday April 21, 4:34 pm Eastern Time Tellabs to split stock, aims to grow revs LISLE, Ill., April 21 (Reuters) - Telecommunications equipment maker Tellabs Inc. said Wednesday its directors approved a two-for-one stock split and set a goal of tripling annual revenues to $6 billion by 2003. ''In October 1995 Tellabs' people heartily embraced (an) objective to achieve $2 billion in annual revenue by the year 2000,'' said Michael Birck, president and chief executive officer. ''Since it looks like we will achieve that objective one year early, it's only appropriate that we set our sights on the next goal -- $6 billion in revenue by 2003.'' Tellabs said the stock split would be distributed on May 17 to holders of record on May 3. Shares of Tellabs closed up 5 at 102-9/16.