Tellabs maintains status at AT&T

Tellabs (NasdaqGS: TLAB) says that its relationship as a key supplier to AT&T (NYSE: T) is alive and well despite a report this week that the vendor could be replaced by Cisco (NasdaqGS: CSCO).

Tim Wiggins, Tellabs' Chief Financial Officer, said that while competing for the carrier's business is challenging, there were "no degradations" with its relationship with AT&T. In fact, Wiggins said that he's the order pipeline has surpassed its initial expectations.

When news that a Morgan Stanley research note appeared that said AT&T would transition off Tellabs' 8600 router to a Cisco platform in 2011, Tellabs' stock dropped more than 6 percent on Tuesday but regained about 3 percent by Thursday's close.

For more:
- Reuters has this article

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