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


To: Robert New who wrote (5388)4/21/1999 5:51:00 PM
From: norm chin  Respond to of 7342
 
AFTER THE BELL - Tellabs moves higher; traded at $107:

biz.yahoo.com

NEW YORK, April 21 (Reuters) - Shares in Tellabs Inc. rose sharply in post-session trading Wednesday after the company said directors approved a two-for-one stock split and set a goal of tripling annual revenue to $6 billion by 2003.

Chief executive Michael Birck said the company expects to achieve a $2 billion-a-year revenue goal in 1999, one year ahead of schedule.

Tellabs traded at 107 in the post session, up 4-7/16 from the regular close.