3:45 PM -- Even though there are reasons to think Tellabs could be bought this year, word from inside is that the company is at least telling its employees that it is NOT for sale.
Instead, my sources say chairman and founder Michael Birck has told the Tellabs sales force recently that the company is closer to being a buyer of someone else, than a seller of itself.
That's not much to go on, but it's an indicator that the guy at the top -- the guy who, in my opinion, runs his company his way no matter who is in the CEO's chair -- isn't looking to sell out.
At least not now. Not today.
— Phil Harvey, The Editor, Light Reading