LISLE, Ill. -- Tellabs today announced revised
revenue and earnings per share expectations for the first
quarter of 2001. Tellabs projects first-quarter sales of about $772
million, compared with prior guidance in the range of $830
million to $865 million. The company projects earnings per share of 29
cents, compared with prior guidance of 35 cents to 38
The revised guidance stems from reduced and deferred spending by major
communications carriers late in the quarter. Tellabs is
aggressively managing its costs and aligning its products to help
carriers meet the demand for bandwidth, lower their operating
costs and generate new revenue.
``The health of our business depends on the health of our customers, and
we're seeing caution from them in the current economic
environment," said Richard C. Notebaert, president and CEO.