8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported)         October 19, 2000

TELLABS, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-9692	36-3831568
(State of Incorporation)	(Commission file number)	(I.R.S. Employer  Identification No.)

4951 Indiana Avenue, Lisle, Illinois	60532
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (630) 378-8800

N/A
(Former name or former address, if changed since last report)

Item 5. Other Events.

Stock Repurchase Plan

On October 18, 2000, Tellabs, Inc. announced that its Board of Directors has authorized the repurchase of up to 4 million shares of its outstanding common stock. Further details are contained in the press release of Tellabs, Inc., dated October 18, 2000, attached hereto as Exhibit 99 and incorporated herein by reference.

Item 7. Exhibits.

   (c) Exhibits
     Exhibit 99 - Press Release of Tellabs, Inc., dated October 18, 2000.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 

                       TELLABS, INC.
                     (Registrant)

                             /s Joan E. Ryan
                         Joan E. Ryan
                                       Chief Financial Officer

October 19, 2000
(Date)

EXHIBIT INDEX

 

Exhibit Number	Description
99	Press Release of Tellabs, Inc., dated October 18, 2000.

EX-99

FOR IMMEDIATE RELEASE
10/18/00 Tellabs announces stock repurchase plan

Lisle, Ill. — Tellabs announced Wednesday that its Board of Directors has authorized the repurchase of up to 4 million shares (approximately 1 percent) of the company's outstanding common stock. Subject to price and market conditions, shares will be repurchased from time to time in open and private market transactions.

"At current levels, we believe Tellabs stock represents an attractive investment opportunity for the company," said Tellabs President and CEO Richard C. Notebaert. "Given our strong cash position, this repurchase program is a great way for us to invest in the continuing success of Tellabs and enhance shareholder value."

The program is intended to offset dilution associated with employee stock programs.

Tellabs designs, manufactures, markets and services optical networking, next-generation switching and broadband access solutions. The company also provides professional services that support its solutions. Tellabs' products and services are used worldwide by the providers of communications services. Its stock is listed on the NASDAQ stock market (TLAB).

This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ from the results discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with introducing new products, entering new markets, competitive response, and a downturn in the telecommunications industry. The company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events. For a more detailed description of the risk factors, please refer to the company's SEC filings.

CONTACTS:
John Springer
(630) 378-8289
Thomas P. Scottino
(630) 378-7504
 

Tellabs and the Tellabs logo are registered trademarks of Tellabs or one of its affiliates in the United States and/or in other countries.

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