Tellabs, Inc. makes digital cross-connects, essentially big switches that direct traffic over telephone networks.
Cisco competes with Juniper, Alcatel-lucent, and Tellabs in communications and networking equipment market.
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Cisco competes with Juniper, Alcatel-Lucent and Tellabs in the routing and switching businesses.
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Tellabs said there will be a minimal tax liability from bringing the cash back into the country.
FORBES: Tellabs Sags; Guidance Misses; Omits Div; Cutting 300 Jobs
Most analysts think investors should stand pat on Tellabs, with eight of 11 analysts rating it hold.
Telecom network equipment maker Tellabs is enjoying the benefits of a solid quarterly report on Tuesday morning.
Tellabs also said that it plans to cut about 300 jobs in 2013 as part of a cost-cutting program.
FORBES: Tellabs Sags; Guidance Misses; Omits Div; Cutting 300 Jobs
If you look at past performance only, Tellabs is one terrific growth company.
Tellabs is clearly benefitting from the increased network demands on wireless carriers as smartphones continue to sop up bandwidth.
The company faces challenges from router competitors like Cisco, Tellabs and Alcatel-lucent.
Tellabs has 38% of the digital cross-connect business, more than much bigger outfits like Lucent Technologies and France's Alcatel Alsthom.
Tellabs has 38% of the digital cross-connect business, more than much bigger outfits such as Lucent Technologies and France's Alcatel Alsthom.
Tellabs gets 60%of its revenue from its Titan line of digital cross-connects.
For the full year, Tellabs sees gross margin in the upper 40s.
Chairman Michael Birck, a 60-year-old electrical engineer, cofounded Tellabs in 1975 after stints at Bell Labs and two small Chicago-area telecom equipment firms.
Chairman Michael Birck, 60, an electrical engineer, cofounded Tellabs in 1975 after stints at Bell Labs and two small Chicago-area telecom equipment firms.
According to a video that Tellabs posted, the iPad app sped up the time to approve urgent and unusual shipments by nearly two-thirds.
Tellabs (TLAB) is hoping its third quarter earnings report on Wednesday, October 24, 2012 will help continue the momentum its stock price has enjoyed.
He notes the heightened pleading standards since the passage of the Public Securities Litigation Reform Act and subsequent Supreme Court rulings including Tellabs vs.
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Tellabs this morning announced plans for a corporate restructuring that will eliminate 200 jobs, as the telecommunications equipmebnt company copes with weakening financial performance.
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In a remarkably frank approach to public disclosure, Tellabs CEO Rob Pullen announced on Friday afternoon that he is suffering from colon cancer.
Tellabs shares are trading lower Friday after the telecom equipment company posted weaker-than-expected results for the fourth quarter and disappointed guidance for the first quarter.
FORBES: Tellabs Sags; Guidance Misses; Omits Div; Cutting 300 Jobs
As expected, Tellabs General Counsel James Sheehan applauded the high court's decision, saying the company is "encouraged" that the justices found the lower court's decision to be incorrect.
Tellabs' equipment was designed for an era of circuit switching.
Birck takes some comfort from the fact that the bulk of Tellabs' flagship Titan 5500s manage local traffic, where the new world of packet switching is not yet a big threat.
In today's decision, a group of shareholders accused Tellabs , a maker of fiber-optic equipment, and its former chief executive, Richard Notebaert, of knowingly misleading investors about the company's deteriorating financial position.
These include Ericsson (ERIC), Alcatel-Lucent (ALU), Nokia Siemens Networks which is a joint venture of Nokia (NOK) and Siemens (SI), Cisco Systems (CSCO), Juniper Networks (JNPR), Ciena (CIEN), and Tellabs (TLAB).
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