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Optical/IP

Tellabs Nabs Ocular

Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) said Friday it will be acquiring optical crossconnect startup Ocular Networks Inc. for about $300 million in cash and about $55 million in stock options.

The deal makes sense, as Tellabs is actively pursuing next-generation technology, and Ocular needs the kind of sales access that Tellabs has into existing incumbent carrier accounts. During a conference call Friday, Tellabs President and CEO Dick Notebaert called the deal "a logical extension of [Tellabs'] business."

Ocular already has contracts in place and trials ongoing with IXCs and ILECs, says Ocular CEO Ed Kennedy. The company has been booking revenues from its product for about six months now, says a source close to the deal.

The Ocular product combines a multiplexer, a digital crossconnect, and a Layer 2 data switch. It's mostly known for its density: It allows carriers to cram lots and lots of Sonet virtual paths -- connections for an end-to-end route between two points -- into a small physical space within a tier 2 or tier 3 central office. Complementary to Ocular's product is Tellabs' Titan 5500 product, of which there are 3,500 systems installed in carrier networks. The aptly named Titan aggregates and connects DS3, DS1, and STS1 connections in the largest carrier central offices. In some cases, the Ocular product and the Titan 5500 might work side by side, using the Ocular box as an offload for high-speed optical ports.

Tellabs' managers say they expect the Ocular acquisition to generate $50 million to $100 million during 2002, much of that coming in the fourth quarter. Ocular executives cited the company's burn rate at between $2 million and $2.5 million a month.

Sources familiar with the deal say that Ocular was also being courted by some other large players, including Ciena Corp. (Nasdaq: CIEN). It's unclear how far such talks may have gone or whether there were any bidding wars.

Tellabs has struggled with internal development of next-generation products, and it's now apparent that the company has chosen to go the acquisition route instead. It recently shut down work on some of its optical networking products, including the Titan 6700 (see Tellabs Pulls a Switch). In addition, it has been losing momentum with its older crossconnect product, the Titan 5500 (see Tellabs Losing Its Edge?).

The acquisition shows that in a difficult economic environment with a venture-capital funding crunch, startups are being pressured to look to larger partners with sales channels in order to bring their products to market. In Ocular's case, it had raised $50 million in funding since its founding in 1999, and insiders say it wasn't shopping itself when Tellabs came calling.

"It was far from a fire-sale," says Sean Dalton, a partner at Highland Capital Partners (HCP), one of Ocular's early investors. "If management had wanted to keep going [as an independent], we would have loved to have poured a lot more money into the company."

Ocular's other investors include Bessemer Venture Partners, Columbia Capital, and Jafco Ventures.



It's not yet known how many of Ocular's 160 employees will remain at Tellabs. Tellabs' Notebaert left the attrition question wide open during the conference call. "It is our intention to retain the key resources of this acquisition," he says.

The deal, which is subject to regulatory approval, is expected to close in first quarter 2002.

Just after midday Friday, Tellabs shares were down 0.17 (1.10%) to 15.33.

— R. Scott Raynovich, Executive Editor, with Phil Harvey, Senior Editor, Light Reading
http://www.lightreading.com
HarveyMudd 12/4/2012 | 7:26:02 PM
re: Tellabs Nabs Ocular Both companies have exactly similar products.So what does Telllabs gain? Nothing.

It meand\s duplicatiion of workforce and technologies.
BadgerAlum 12/4/2012 | 7:26:02 PM
re: Tellabs Nabs Ocular According to a friend who was part of Tellabs' recent RIF (http://www.lightreading.com/do..., they were working on MPLS and ATM features for the 6500. That feature set has been cancelled. His words, "Tellabs is a TDM/SONET company and that is it. If they want to get involved in other technologies they will most likely follow the Cisco model of buying out startups."

Does it seem like the Ocular OSX-6000 would be a replacement for the Titan 6500 upgrades? If so, then the recent RIF would solve the problem of your duplication of workforce, and the cancelation of the 6500 upgrades the duplication of technology. Am I blowing smoke or does this make sense?

BA
owl-light 12/4/2012 | 7:27:35 PM
re: Tellabs Nabs Ocular This is the true joy of life, the being used for a purpose recognized by yourself as a might one; the being thoroughly worn out before you are thrown on the scrap heap; the being a force of Nature instead of a feverish, selfish little clod of ailments and grievances complaining that the world will not devote itself to making you happy ... The only real tragedy in life is being used by personally minded men for purposes that you recognize to be base.

- George Bernard Shaw
theanswer 12/4/2012 | 7:28:34 PM
re: Tellabs Nabs Ocular They would perfer to buy White Rock Networks. WRN has a better product strategy than Ocular or Riverstone. White Rock products can go places the other products can't based on size and fuctionality.
stuartb 12/4/2012 | 7:28:34 PM
re: Tellabs Nabs Ocular Where have you been for the last four years Route495?

Alcatel looking to buy Riverstone or Extreme???

They would be looking at them only if they wanted to add to the number of failed Ethernet switch acquisitions (including Packet Engines and Xylan). Who knows, maybe they're going for some kind of record.

Also, how are they considered a competitor to Ocular???
skeptic 12/4/2012 | 7:28:58 PM
re: Tellabs Nabs Ocular Lucent is old news. The first choice is Riverstone but the price is too high.

I think they might do a "Unisphere".
-----------------
I think redback might be more likely. Alcatel
likes companies on the way down or in trouble.
But then again, they might end up with Astral
point or gotham for that same reason.

Route495 12/4/2012 | 7:28:58 PM
re: Tellabs Nabs Ocular Lucent is old news. The first choice is Riverstone but the price is too high.

I think they might do a "Unisphere".
nachy 12/4/2012 | 7:28:58 PM
re: Tellabs Nabs Ocular What about privates? Is there a reactionary move to the Ocular deal? What about Siemens?

Route_495 12/4/2012 | 7:29:00 PM
re: Tellabs Nabs Ocular
Lucent.

-----------------

Who should Alcatel buy? What about Ciena?

Potential candidates?
Route495 12/4/2012 | 7:29:00 PM
re: Tellabs Nabs Ocular They were looking into Riverstone & Extreme.

--

Who should Alcatel buy?
nachy 12/4/2012 | 7:29:02 PM
re: Tellabs Nabs Ocular Who should Alcatel buy? What about Ciena?

Potential candidates?
cheekymonkey 12/4/2012 | 7:29:30 PM
re: Tellabs Nabs Ocular Aren't Alcatel and Tellabs supposed to be "leaders" in the cross-connect market? This move puts Alcatel way behind Tellabs in this space. How could they afford to let Tallabs beat them to the punch? I don't get it...nor does Alcatel apparently.
tarzan 12/4/2012 | 7:29:39 PM
re: Tellabs Nabs Ocular The $0.08 is most likely the option price for employees and has nothing to do with price of the Series B preferred stock. It is extremely unlikely the company has more than 250 million shares outstanding - most start-ups after 2 rounds have less than 100 million and in many cases even less than 50 million shares outstanding.

We should find out in Tellabs next SEC filing.
lightmaster 12/4/2012 | 7:29:41 PM
re: Tellabs Nabs Ocular Some of you guys obviously have no idea how the financing of a startup works. Ciena had around 100M shares outstanding after their IPO, but certainly not after only 2 rounds of financing.
Typically, a startup in this phase would have between 20M and 50M shares outstanding.

Why don't you wait until the S-1 is filed, then you'll know for sure.

zipple 12/4/2012 | 7:29:41 PM
re: Tellabs Nabs Ocular Some of you guys obviously have no idea how the financing of a startup works.

___________________________

Agreed. Let's add info to the pool.

1. Investors get preferred stock, employees get common stock.

2. The price of common is much lower than the price of preferred. There are a number of reasons for this, some accounting, and some reality. One reality reason is that the preferred stock owns a larger percentage of the company in the case of a low-value liquidation than it would in an ipo.

3. Luminaria's friend at $0.08 at financing was most probably common stock.

There is a possibility that the $0.08 was correct, and a big pile of shares were issued for some reason of convenience, and that the average employee saw ~$1/share. It's a new market, not everyone gets to be a zillionaire anymore. Hell, just having a job is pretty sexy these days.
Luminaria 12/4/2012 | 7:29:48 PM
re: Tellabs Nabs Ocular Well, Since they raised $20M before the most recent round, and from what I hear they were priced at 8 cents, that is 250 million shares right there. Add in the next round, founder's shares and employee options and you probably have 350 million shares and options.
Route495 12/4/2012 | 7:29:48 PM
re: Tellabs Nabs Ocular 50/60 mil shares @ 6/5 buck/share

just a guess ;)
Luminaria 12/4/2012 | 7:29:48 PM
re: Tellabs Nabs Ocular I know it is privately held. By my calculations they must have had over 300 million in outstanding shares and options. I am guessing that employees got about a buck a share for each of their 40,000 shares/options. I guess it's better than nothing.
lightmaster 12/4/2012 | 7:29:49 PM
re: Tellabs Nabs Ocular Pargon, according to their web site, has a god box that support: " SONET/SDH Add-Drop Multiplexer (ADM), high speed IP edge router, Digital Crossconnect System (DCS), 1/3 Multiplexer (M13), Integrated Access Device (IAD), DSL Access Multiplexer (DSLAM), Digital Loop Carrier (DLC), and Channel Service Unit (CSU).

So, of course they do everything that Ocular does. I think it also includes an integrated X-BOX and Nintendo game cube. Even giving them credit for everything they claim, its a small box, not the same scale as the others discussed here.

Metro Optix does have more of a comparable product with support for 10,000 VTs, but to do it you have to burn every switch slot in the box with multiple VT grooming cards. Ocular claim is that they do over 18,000 in one switch card.

All of the next-gen SONET boxes do a small amount of VT grooming (336 VTs is typical), but not on this scale.

Several newer startups seem to be chasing Ocular, but Tellabs claims in their calls that they found that Ocular was the only one (including Metro Optix, I believe) that had this kind of function working versus slideware.

The reality is that unless you are on the inside of this deal, everything else is just speculation until the deal closes and the financial guys start grilling Tellabs during earnings calls.

On paper, looks like a great deal for both.

kampar 12/4/2012 | 7:29:49 PM
re: Tellabs Nabs Ocular Paragon Networks also has such a feature in their new BROADway product line ...

www.paragon-networks.com
DoubleD 12/4/2012 | 7:29:51 PM
re: Tellabs Nabs Ocular Harvey ... I understand why your last name is Mudd. Ocular is a perfect fit that complements the Titan series in the metro optical network arena.

If Tellabs was worried about ego (developing cross connect products) as you seem they should they would have trouble competing in this fast changing market.

Thats probably why you are an engineer and not on the business things. If you are on the biz end if things, God help you.
SMLworld 12/4/2012 | 7:29:51 PM
re: Tellabs Nabs Ocular Carriers are driving the comparison between ADM's & DCS. They want more functionality with less boxes to manage, "distributed architecture." Vendors on the other hand, must balance and target their product functionality, scalability, and optimize pricing. Tough formula.

What Tellabs has is an embedded base. Customers want to hear a future migration story for 5500 that protects their investment. I believe that this is why they purchased Ocular.

Problem is, Ocular won't be competitively priced once Tellabs slaps on their margins.

SMLworld
leer 12/4/2012 | 7:29:52 PM
re: Tellabs Nabs Ocular I heard Metrooptics does over 10,000 protected VT 1.5 DCS
Telecom_Guy 12/4/2012 | 7:29:54 PM
re: Tellabs Nabs Ocular Why do people keep comparing Ocular products to Cerent (Cisco 15454)products? Yes it's true the Cisco box does have some line cards that support DS1 (14port cards). But everyone knows that if you really have a business case for DS1 you don't use the 15454. Ok well only smart people know that. The Cisco 15454, Redback SMS800, White Rock VLX2020, Ciena (EL STINK K2), Metro-Optix and other MSPP platforms were not meant for high density low trib circuits. They concentrate on OC3, OC12, DS3. So it's not really an apples to apples comparision by only comparing the VT matrix of one box to another. Compare also OC3 density, OC12 density, OC48 density, OC192 density, STS matrix density, UPSR support, 2Fiber BLSR support, 4Fiber BLSR support, GMLS support, yadda yadda... Ok you guys get the picture. I just thought I'd point that out.
Tellabs only bought this company to eliminate the threat these guys posed on their accounts and revenue. Tellabs still has no "real" SONET ADM solution and they just spent their allowance.
knave 12/4/2012 | 7:29:57 PM
re: Tellabs Nabs Ocular
the other machine doing VT level / even DSO level grooming is made by www.erinc.com.
knave 12/4/2012 | 7:29:57 PM
re: Tellabs Nabs Ocular Interesting point FF. I pity the good Ocular engineers if the TLAbber's get their Product Mgmt. hands on them. the best way to remotivate would be to leave the Ocular folks alone so Dick can foster a little healthy competition .IN any case Ocular's product stands a better chance of addressing the future than the dusty Titans....
LONERANGER 12/4/2012 | 7:29:58 PM
re: Tellabs Nabs Ocular Yes, more so than the 15454 and it works!!
flybylite 12/4/2012 | 7:29:59 PM
re: Tellabs Nabs Ocular Tellabs won't back out of the deal. Look at their history. They acquire companies, drown them with their HELP, and then shut them down.

My memory indicates that they did back out of the Ciena deal in 1998. I'll bet Ciena is real happy that Tellabs didn't have the balls to go through with the deal. Can you imagine how Ciena would be with the oppressive Tellabs management???

Just a thought....

F-B-L
billy_fold 12/4/2012 | 7:29:59 PM
re: Tellabs Nabs Ocular Anyone know if Ocular can perform the transmux function?

Billy
lightbuster 12/4/2012 | 7:30:00 PM
re: Tellabs Nabs Ocular If sources are to be believed Metrooptics has this feature!! any news on how this startup doing!!!
eyesright 12/4/2012 | 7:30:01 PM
re: Tellabs Nabs Ocular Does anyone know of any other start up doing VT level grooming?

If this was an Ocular differentiator why is it important to Telcos?
ajo2 12/4/2012 | 7:30:01 PM
re: Tellabs Nabs Ocular > Ciena is not going to make any money from the
> Cyras products? No one iscomplementing Ciena
> for acquiring Cyras?

Maybe after they start selling and shipping a noticable amount of product. Word on the street is that it's much too heavy and expensive to be a good paper weight, so they have to market it as an oversized door stop.

> In fact Cyras has broght the Ciena stock prices.

"brought the Ciena stock prices?"

Correct grammer would go a long ways towards making your posts understandable.
HarveyMudd 12/4/2012 | 7:30:02 PM
re: Tellabs Nabs Ocular A company that used to take pride in making digital cross connects is buying cross connect device from Ocular. What is wrong with Tellabs? Tellabs is paing too much money?

In the interest of the shareholders Tellabs should backout from the deal?

Ciena is not going to make any money from the Cyras products? No one iscomplementing Ciena for acquiring Cyras? In fact Cyras has broght the Ciena stock prices.
k_j 12/4/2012 | 7:30:03 PM
re: Tellabs Nabs Ocular
Agreed, only time will tell exactly what the motivation was....

Tellabs should/could have done much more with Salix and company but there seemed to be a lack of understanding of how to position themselves in the market.

Tellabs needs to gain acceptance as a MSPP vendor after the Salix/NetcoreSys downfall. Had there been better positioning during the Salix days, Tellabs wouldn't have had to worry about re-inventing themselves now.

Too much money is being wasted on MSPP development and failures. Albeit a great idea to have OOO,PNNI, MPLS, ATM + FR with core BGP + gigE capacity in the same system, we've yet to see enormous success in this MSPP market. That said we should give Tellabs credit for maintaining a grasp on their digital cross connect customers.

I wish both Ocular and Tellabs luck with this. Maybe Tellabs learned something from the Salix days and this is an "if I could do it again, what would I do differently" type of strategy.
FiberFarmer 12/4/2012 | 7:30:03 PM
re: Tellabs Nabs Ocular I think Ocular probably repositioned themselves focusing on VT level grooming 1)because they could do it, 2)it resonated with carriers, and 3)it differentiated them from the rest of the God Boxes. Other GodBoxes / MSPP's should take a lesson - too little differentiation among the host of would be players.

Now we'll get to see if Tellabs bought them to take them out, or to "reinvent" themselves as they claim... either way, the Tellabs track record doesn't bode well for Ocular. Hope they are happy with the cash...

FF
optigirl 12/4/2012 | 7:30:04 PM
re: Tellabs Nabs Ocular A few things to consider about this acquisition:

From the looks of things, Ocular was going to be competing with Tellabs. Buying them takes a competitor out of the picture, be that Ocular or another MFG who would have picked them up.

Ocular was getting some interest from some major carriers but would probably have a hard time being able to back up the requirements that a major carrier would place on them. Having a company like Tellabs doing the selling allows those orders to get the support a start-up cannnot offer while allowing Tellabs some potential revenue opportunities they might not have earned otherwise.

Lastly, Tellabs is in real trouble with its failure to get some big RBOC DWDM deals so maybe this might shore up the bottom line.

Time will tell if this was a good deal but hey, the folks at Ocular got a reasonable payout (partly in cash), the VC's got a 5-6xs return on their money and it sure beats the hell out of another start-up that closed their doors and fired everyone like we have seen a lot of lately.

Just my 2 cents...
stuartb 12/4/2012 | 7:30:05 PM
re: Tellabs Nabs Ocular Even more strange is that each of the messages is slightly different?? If he is from T-Labs, Ocular has their work cut out for them.

Also Lg, to comment and clarify one of the items you cut & pasted from an Ocular presentation:

"At 14 times the density of cerent, 7 times the density of Cyras, this box can kick some serious butt"

The OSX beats Cerent and Cyras in VT cross-connect capacity only (as opposed to port density or STS cross-connect capacity). In fact, Ocular repositioned their box months ago to compete against Tellabs in the WB-DCS market. They did this because the architecture of their product prevented them from being able to compete with Cerent on cost or scalability.

-Stu
realoptics 12/4/2012 | 7:30:05 PM
re: Tellabs Nabs Ocular This may not such a good deal for TLAB even though assuming that Ocular has a good team and products are also sellable, too much cash percentage in the deal, people from Ocular may start to take the cash and run.

May be TLAB's decision makers are related to thos of Ocular's--just pure speculation!
Optitude 12/4/2012 | 7:30:05 PM
re: Tellabs Nabs Ocular GOOD POINT!
Optitude 12/4/2012 | 7:30:05 PM
re: Tellabs Nabs Ocular GOOD POINT!
light_geeking 12/4/2012 | 7:30:06 PM
re: Tellabs Nabs Ocular stuartb,

I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:

- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Cyras by Ciena, Sirroco by Sycamore, Chromatis by Lucent and Cerent by Cisco)
- At 14 times the density of Cerent, 7 times the density of Cyras, this box can kick some serious butt
- Also, Ocular architecture seems to be quite interesting where "switch" slots are minimized and revenue generating "port" slots are maximized to allow changing traffic mix while maximizing revenue generating capacity without significant footprint penalty

And I have heard that Ocular gear is in some tier 1 networks already, thus mitigating the implementation/execution risks.


I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
light_geeking 12/4/2012 | 7:30:06 PM
re: Tellabs Nabs Ocular stuartb,

I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:
- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Cyras by Ciena, Sirroco by Sycamore, Chromatis by Lucent and Cerent by Cisco)
- At 14 times the density of Cerent, 7 times the density of Cyras, this box can kick some serious butt
- Also, Ocular architecture seems to be quite interesting where "switch" slots are minimized and revenue generating "port" slots are maximized to allow changing traffic mix while maximizing revenue generating capacity without significant footprint penalty

And I have heard that Ocular gear is in some tier 1 networks already, thus mitigating the implementation/execution risks.


I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
froggy 12/4/2012 | 7:30:06 PM
re: Tellabs Nabs Ocular Lg,

Are you an engineer at TLABS ? That might explain why you need to buy Ocular
light_geeking 12/4/2012 | 7:30:07 PM
re: Tellabs Nabs Ocular stuartb,

I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:
- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Cyras by Ciena, Sirroco by Sycamore, Chromatis by Lucent and Cerent by Cisco)
- At 14 times the density of Cerent, 7 times the density of Cyras, this box can kick some serious butt
- Also, Ocular architecture seems to be quite intersting where "switch" slots are minimized and revenue generating "port" slots are maximized to allow changing traffic mix while maximizing revenue generating capacity without significant footprint penalty

And I have heard that Ocular gear is in some tier 1 networks already, thus mitigating the implementation/execution risks.


I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
light_geeking 12/4/2012 | 7:30:07 PM
re: Tellabs Nabs Ocular stuartb,
I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:
- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Cyras by Ciena, Sirroco by Sycamore, Chromatis by Lucent and Cerent by Cisco)
- At 14 times the density of cerent, 7 times the density of Cyras, this box can kick some serious butt

And I have heard that Ocular gear is in some tier 1 networks already, thus mitigating the implementation/execution risks.


I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
light_geeking 12/4/2012 | 7:30:07 PM
re: Tellabs Nabs Ocular stuartb,
I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:
- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Cyras by Ciena, Sirroco by Sycamore, Chromatis by Lucent and cerent by cisco)
- At 14 times the density of cerent, 7 times the density of Cyras, this box can kick some serious butt

I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
light_geeking 12/4/2012 | 7:30:07 PM
re: Tellabs Nabs Ocular stuartb,
I agree God-Boxes are more complex depending on what functionality they provide. But lets look at some potential advantages of the acquisition:
- Removing the competitive threat to existing tlab business
- Increase the tlab addressable market by few billions for a "song and dance' price (contrast with multiple billion dollar acquisitions of Sirroco by Sycamore and Chromatis by Lucent and cerent by cisco)

I think if the aquisition team at tlab has done the homework right, then this acquisition may turn out to be a good winner.

cheers
lg
froggy 12/4/2012 | 7:30:08 PM
re: Tellabs Nabs Ocular I share some of the shareholders concerns,what makes me more confident though is that this product will sold instead of selling TITAN (as opposed to the BS given in the conference call). There is no complementarity of products, TLABS screwed up and now they have to buy someone whose only value proposition is to have built a denser SONET cross-connect.
Good luck to the Ocular team, pockets full of cash will go a long way in helping them support the TLABS politics.
optics_guy 12/4/2012 | 7:30:09 PM
re: Tellabs Nabs Ocular USA - as a former shareholder, I can honestly say that I feel your pain. Rest assured that this is a curable disease however :) Even though I am cured, I will still empathize with you when Tellabs builds these guys a brand new building, upon completion of which they will cancel the product and close the building - taking a $400 million dollar write-down in a single quarter.......

I don't feel qualified to make a statement about the viability of Ocular's product, but I can say with confidence that now matter how good it is, Tellabs will find a way to chase away all the designers and screw it up.
stuartb 12/4/2012 | 7:30:10 PM
re: Tellabs Nabs Ocular Ocular was built to be acquired. They still have the same challenge in front of them though (as all other God-Boxes do)... executing on their complex technology strategy.

Being acquired by Tellabs will probably make that task a bit more difficult (brand new agendas will now be forced on them). Hopefully Tellabs has learned from their many acquisition mistakes of the past.

-Stu
USA 12/4/2012 | 7:30:12 PM
re: Tellabs Nabs Ocular Looks like Tellabs got sucker punched one more time (remember NetCorSys?)

I can't believe the idiots who are making the M&A decisions still have jobs. Ocular??? Must be the Chris Roller connection...

Yes, I am a shareholder and pretty upset with the stupid moves this company has made (Future Networks, Salix, etc). Time to sell short.
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