Chief Executive Richard Notebaert said that orders for the Titan 5500, the company's flagship product line, have begun to stabilize, possibly signaling the end of the demand slowdown.
The telecommunications equipment maker didn't provide order levels, but Notebaert said orders for the Titan 5500 switch remained close to what they were at the end of last quarter. Analysts were concerned that the company did not appear to be able to fill the gap caused by slowing orders for the switch with new products.
Notebaert said that it was a good time to begin to acquire other firms, citing the need for consolidation within the sector. He also said the company planned to stop the practice of discounts and price breaks at the end of the fiscal year to meet Wall Street's earnings expectations.
Shares of Tellabs closed at $15.45 Monday on