Tellabs shares plunge on Barclays forecast

Posted June 4, 2010 at 12:49 p.m.

Barrons | Saying that Tellabs is unlikely to pickup business from AT&T on its latest high-speed wireless Internet network, Barclays  has cut its share price forecast for the telecommunications equipment maker. That has sent Tellabs stock plunging nearly 11.5 percent, to $6.97, in Friday afternoon NASDAQ trading.

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