Tellabs CEO Rob Pullen said earlier this spring when he took charge of the company that Tellabs would be looking to plow more business out of international markets. In reporting second quarter earnings for Tellabs Tuesday, he reiterated this pledge, along with noting how the North America market was showing weaker spending. The company reported 7 percent revenue shrinkage from the first quarter of 2008 to the second quarter, for a final tally of $432.5 million in revenue. Revenue was down 19 percent from the same quarter last year.
There was speculation at several points last year about Tellabs being acquired before former CEO Krish Prabhu's departure was announced in November 2007. The company later cut jobs and exited GPON activities at Verizon Communications. The company right now seems intent on going it alone and broadening its horizons. Can it stay ahead of a pack of other vendors likely to increasingly turn their attention to international markets?
For more:
- read this story [1] at Telephony
- see this report [2] at Light Reading
Related articles:
Tellabs announced Prabhu's departure late last year. Tellabs report [3]
Tellabs named Pullen CEO in February. Tellabs report [4]
Links:
[1] http://telephonyonline.com/access/news/tellabs-push-to-overseas-markets-0722/index.html
[2] http://www.lightreading.com/document.asp?doc_id=159721&f_src=lightreading_section_5
[3] http://www.fiercetelecom.com/story/tellabs-announces-prabhu-departure-stock-buyback/2007-11-08
[4] http://www.fiercetelecom.com/story/tellabs-names-pullen-to-replace-prabhu/2008-02-26