Tech Stocks Slammed in Market U-Turn Oct 28, 2009
Sohu (NASDAQ: SOHU), Changyou (NASDAQ: CYOU), Tellabs (NASDAQ: TLAB) and General Cable (NYSE: BGC) tumbled on sales and earnings concerns. Verizon (NYSE: VZ) and Corning (NYSE: GLW) lost ground despite better than expected earnings. (SmallBusinessComputing)
Tellabs sees 3Q profit despite lower sales Oct 27, 2009
Tellabs, Inc. is engaged in designing and marketing equipment and services to communications; Michael BirckChairman of the Board Robert PullenPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago ... Tellabs shares fell 50 cents, or 7. (Crain's Chicago Business)
Piecing Together a Telecom Gear Rebound Oct 27, 2009
An Oct. 26 earnings report by Tellabs () is the latest sign that the worst of the telecom spending slump may be ending ... Tellabs executives said the company may see added growth in the period that ends in December ... Tellabs has yet to start growing from last year third-quarter revenue was 8. (BusinessWeek)
The Great Internet Buildout Is Spurring Mergers Oct 23, 2009
And now Tellabs (), a Naperville (Ill ... Tellabs is paying $165 million in cash for the upstart company, whose venture backers include Pinnacle Ventures, Accel Partners, Mayfield, and Redpoint Ventures and which counts among those that use its products ... Tellabs and Cisco are doing what the market is telling them to do ride the great Internet buildout wave. (BusinessWeek)
Tellabs buys WiChorus for $165M Oct 23, 2009
Tellabs (NASDAQ:TLAB) said it expects the acquisition of the San Jose-based company will help it create advanced 3G/4G mobile networks using WiChorus' SmartCore mobile packet core platform. The companies said Rehan Jalil will head a newly formed Tellabs IP and mobile Internet group, as senior vice president, reporting to Robert Pullen, chief executive officer and president of Tellabs. (San Jose Business Journal, CA)
Matching Gifts Oct 21, 2009
Matching Gift Companies - CLEMSON UNIVERSITY OFFICIAL ATHLETIC SITE. Matching Gift Companies Thank you for making the extra effort - and for your doubled support. (Clemsontigers.com)
Cisco to Buy Wireless Maker Starent for $2.9 Billion Oct 15, 2009
Founder Dahod created three other start-ups prior to Starent, including Netcore, which was acquired by Tellabs Inc for $575 million in 1999. "Ash is one of the great entrepreneurs that few people have heard of because he's a very low-profile guy," said Jon Auerbach, a partner at Charles River Ventures, who co-led a funding round in Starent at his previous firm. (Datamation)
AMCC CEO: Order patterns up in comm ICs Oct 8, 2009
Other OEMs including HuaWei, and Tellabs are working on similar systems. Page 2. (EETimes)
Banks Lead Rare Selloff on Wall Aug 12, 2009
Tellabs (TLAB) jumped to a 52-week high after the company announced plans to buy back up to $200 million of its stock. Tellabs, which has no debt, said late Monday it will use some of its $1. (Fox News)
Tellabs Intends to Repurchase Up to $200 Million in Common Shares Aug 11, 2009
Aug. 10 /PRNewswire-FirstCall/ -- Tellabs intends to actively repurchase its common stock under an existing Board of Directors authorization, previously announced on Nov. 8, 2007 ... The resumption follows Tellabs' significant curtailment of stock repurchases since the fourth quarter of 2008, as the company evaluated uses of cash ... "In light of Tellabs' success with growth products and positive cash flow, now is the right time to resume stock repurchases," said Rob Pullen, Tellabs chief... (PR Newswire)
All Three Leading Proxy Advisory Firms Now Recommend Against Ramius Nominee Scott Chandler Jul 28, 2009
g., Ericsson, Inc., Marconi Corporation plc, Tellabs, Ocular Networks, Alcatel, Newbridge Networks Corporation, Covad Communications Group, Inc., Rogers Wireless, Inc., Sprint PCS, AT&T and SBC ). The actions taken by the Tollgrade Board over the past year to enhance its telecom industry expertise by adding Messrs. (PR Newswire)
PMC-Sierra merges Sonet, IP for access nets Jul 21, 2009
Other OEMs including HuaWei, and Tellabs are working on similar systems. "OTN has been deployed heavily as point-to-point capability, but as a full network replacement for Sonet, it has not been deployed in a big way we are just in the beginning of that right now," said Andrew Schmitt, a senior analyst at market watcher Infonetics. (EETimes)
Tellabs eliminating 150 jobs Jul 7, 2009
Tellabs reported first-quarter revenue of $362 million, down from $464 million the same quarter last year ... For 2008, Tellabs lost $930 million, or $2 ... Tellabs, Inc. is engaged in designing and marketing equipment and services to communications; Michael BirckChairman of the Board Robert PullenPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago. (Crain's Chicago Business)
Verizon's Dynamic Optical Network Takes Global Honor Jun 17, 2009
Verizon and Supplier Tellabs Honored With Global Telecoms Business Innovation Award for Creating Single-Layer Network Design. NEW YORK, June 17 /PRNewswire/ -- Verizon and network infrastructure supplier Tellabs have been awarded a prestigious Global Telecoms Business magazine Innovation Award for their efforts in developing Verizon's domestic Dynamic Optical Network ... A key element of the network is the Tellabs (R) 7100 Optical Transport System, which enables reductions in service activation... (PR Newswire)
Tellabs' Stockholders Re-elect Class II Directors May 2, 2009
May 1 /PRNewswire-FirstCall/ -- At Tellabs' annual stockholders meeting today, stockholders re-elected current directors Bo Hedfors, Michael E. Lavin and Jan H. Suwinski to the Tellabs Board of Directors for three-year terms. Stockholders also ratified the appointment of Ernst & Young LLP as Tellabs' independent auditors for 2009 ... To view biographies of the Tellabs Board of Directors, please visit. (PR Newswire)
Tellabs 1Q profit tumbles on lower sales Apr 29, 2009
But the Naperville company's sales were better than expected and Tellabs shares rose 18 cents, or 3 ... Tellabs, Inc. is engaged in designing and marketing equipment and services to communications; Michael BirckChairman of the Board Robert PullenPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago ... Compared with the first quarter, Tellabs said it expects its second-quarter revenue to be "flat to up by a high-single-digit... (Crain's Chicago Business)
Pa. Federal Judge Dismisses Subprime Securities Class Action Apr 14, 2009
"There are judges out there who are willing to dig into the public record and actually do the analysis that the Supreme Court mandated in Tellabs," he told us. Sam Rudman of Coughlin Stoia, who represented the plaintiffs, did not return our call seeking comment. (Law.com)
Tellabs CEO gets slight pay increase Mar 19, 2009
The decline of Tellabs' stock has reduced the value of those awards: in the past year, it has fallen 26 percent ... Tellabs, Inc. is engaged in designing and marketing equipment and services to communications; Michael BirckChairman of the Board Robert PullenPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago ... Tellabs had 2008 net income of $194. (Crain's Chicago Business)
Quarterly Changes to the NASDAQ Q-50 Index Mar 16, 2009
The following twelve securities will be added to the Index: Career Education Corporation (NasdaqGS: - ), Cree, Inc. (NasdaqGS: - ), Itron Inc. (NasdaqGS: - ), LKQ Corporation (NasdaqGS: - ), Level 3 Communications, Inc. (NasdaqGS: - ), Mylan Inc. (NasdaqGS: - ), Netflix, Inc. (NasdaqGS: - ), ONYX Pharmaceuticals, Inc. (NasdaqGS: - ), Open Text Corporation (NasdaqGS: - ), Sepracor Inc. (NasdaqGS: - ), Thoratec Corporation (NasdaqGS: - ) and Tellabs, Inc. (NasdaqGS: - ). The Index is designed to... (Primezone Releases)
Auditude Raises $10.5 Million From Redpoint Ventures and Greylock Partners Mar 11, 2009
Companies Greylock has funded include Ascend Communications, CheckFree, Constant Contact, Continental Cable, Decru, Data Domain, Digg, DoubleClick, Facebook, Internet Security Systems, Ikanos, Legato, Linked In, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Success Factors, Tellabs, Trilogy and Wily Technology. Greylock's offices are located in Silicon Valley, the Boston area, Israel and India. (PR Newswire)
Crunch Won't Slow Mobile Broadband Feb 27, 2009
The survey, which was commissioned by Tellabs and carried out by the Nielsen Company, was conducted in November last year and is based on responses from mobile users in France, Germany, Italy, the Spain, UK and the US.. Provided by Driving Business Through Technology. (BusinessWeek)
Product launches muted at wireless show Feb 17, 2009
The survey conducted by Tellabs showed that 71 percent of consumers expect to use data services like mobile internet during the next two years, though they remain concerned about the cost, speed and quality of service. The survey was conducted by the Nielsen Company in five Western European markets and the United States. (MSNBC -- Technology)
Mobile Internet Will Grow Dramatically Despite Economic Downturn, Consumers Say Feb 16, 2009
The Tellabs-commissioned survey shows that up to 71% of consumers anticipate daily use of services such as mobile Internet ... The research(1), conducted in the five larger Western European countries and the United States by The Nielsen Company for Tellabs, analysed 10 mobile data services ... "By delving deeper into consumer intent, the Tellabs survey comes just in time as the industry debates demand for services and capital requirements at MWC.". (PR Newswire)
Tellabs(R) 8000 Network Manager Opens Up a New, Higher Level of Information Feb 16, 2009
With the new release of the Tellabs(R) 8000 Network Manager they can. The Tellabs(R) 8000 Network Manager release 17 blows away the typical telecommunications transport cloud and reveals a clear view on network pipes and operations ... The Tellabs 8000 network manager's VPN provisioning tool provides a new, higher level transparency for pseudowires and tunnels. (PR Newswire)
INVESTING: Searching for balance sheet bargains Feb 8, 2009
Rounding out Buckingham's selections are ActiveIdentity, Endwave, Intevac, Oplink Communications, Palomar Medical Technologies, Silicom, Tellabs and Wayside Technology ... Tellabs is the gorilla of the group, and it is barely worth $2 billion, just about the value of the other dozen companies combined. (International Herald Tribune -- Money Report)
