TELLABS: SWITCH HIT Tiny Tellabs (TLAB) may seem a surprising star of the telecom sector. But a closer look at the Lisle (Ill.) maker of telephone transmission equipment shows there's no mystery. While phone- service providers such as AT&T and the Baby Bells struggle against rivals, Tellabs specializes in the sophisticated computer switching equipment they all need to modernize their networks. Shareholders couldn't be happier: Tellabs' 548% total return for the past three years ranked second among the S&P 500 companies.

Updated June 15, 1997 by bwwebmaster
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