Thinking back to the conference call not even a month ago, tellabs was very very clear about their earnings and revenue projections. They are very comfortable with 2001 projections and they have so much cash on hand. You cannot compare the viability of this company with that of a Nortel. Analyst are a dime a dozen and their opinions change day by day. From what I hear, Tellabs is hiring like crazy, not laying off.
I have also listened to cc and they sounded quite bullish last month, but remember that a lot can happen in a month. I would not think that labs would be hiring if they were going through a tough time, but what do I know. I have called IR to see if I can get some update since the Stephens conference is over. Will let you know.