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Tellabs to lay off 60 workers

Tellabs Inc. plans to lay off 60 employees by April 1 as part of a broader restructuring aimed at refocusing the Naperville-based company on data-based telecommunications equipment. Get the full story »

Triple whammy sends Tellabs’ stock down 19%

Barron’s |  Tellabs’ shares dropped 19 percent Tuesday on fourth quarter earnings that came up short, a forecast for continued weakness in the first quarter and a stock downgrade amid intense competition in the telecommunications sector.

Canadian deal to boost Tellabs in mobile Internet

Tellabs Inc. is acquiring a Canadian telecommunications equipment company to boost its research and development in mobile Internet technology.

Terms of the deal between Naperville-based Tellabs and Zeguma Systems Inc. of Richmond, British Columbia were not disclosed. Get the full story »

Tellabs profit doubles in 3Q, shares stumble

Shares of Tellabs were down more than 14 percent in afternoon trading Tuesday after the communications equipment maker reported a strong gain in third-quarter profit but its fourth-quarter projections worried investors.

Naperville-based Tellabs said it earned $57 million, or 15 cents a share, in the third quarter, compared with $29 million, or 7 cents a share, in the year-ago period. Revenues during the quarter rose 10 percent to $429 million. Get the full story »

Tellabs stock drops despite solid earnings

Fears that Tellabs Inc. may lose some business with top customer AT&T Inc. to a rival sent the company’s shares down nearly 6 percent Tuesday, despite its stronger-than-expected results and outlook.

The communications equipment maker said it was benefiting from a push by phone companies to upgrade wireless networks that support smartphones and other new devices, but cited tough competition among vendors. Get the full story »

Tellabs shares up 8%

Tellabs Inc. shares increased 8 percent in early afternoon trading after losing ground in recent weeks on speculation AT&T would switch to cheaper routers from rival Cicso Systems Inc., causing it to lose business. Get the full story »