Articles tagged with: Tellabs and Ovi

Tellabs Profits Down - Better than Expected

tellabs has reported that its first-quarter revenue dropped by 22% to US$362 million - although this was a smaller fall than was generally expected. First-quarter profits dropped to $7 million, compared with $17 million in the year-ago quarter. The company generated $44 million in cash from operations and increased its cash and cash equivalents to $1.18 billion.  more

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