Tellabs reported Q3 2003 revenues of $245 million, up 5% from the preceding quarter but down 15% from the same period last year. The company had a net loss of $65 million, which included restructuring and other charges of $48 million. Tellabs noted that 41% of revenues came from its international business. Tellabs revenue breakdown for the quarter was:
- Optical networking products – $105 million
- Next-Gen SDH and Managed Access Services – $70 million
- Services – $39 million
- Other voice and data products – $31 million
http://www.tellabs.com
- Tellabs recently announced plans to outsource its North American manufacturing and close its main facility in Bolingbrook, Illinois, as well as to close its development center in St. Laurent, Quebec, Canada, by mid-2004.