Tellabs lowered its revenue and earnings projections for first qu...
Tellabs lowered its revenue and earnings projections for first quarter 2001, blaming “below-trend growth” in its Cablespan cable telephony line and inability to recognize revenue in first quarter from its new Titan 6500 cross-connect system. Company now projects revenue…
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will be in $830-$865 million range, down from with earlier expectation of $865-$890 million. Earnings per share were reduced to 35-38 cents from earlier 39 cents. Tellabs makes optical networking, switching and broadband access products.