Tellabs targets globe amid North America sluggishness

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 at Telephony
- see this report at Light Reading

Suggested Articles

Segra, one of the largest fiber infrastructure companies in the Eastern U.S., has bought NorthState for an undisclosed sum.

IBM CEO Arvind Krishna is looking to right the ship and return Big Blue to profitability by reducing the workforce.

HPE is picking up the pieces from a rocky Q2 due to supply chain issues related to the coronavirus pandemic.