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TLAB 10.77 Tellabs Issues Statement on Supreme Court Ruling in Tellabs v. Makor
Jun 21, 2007 11:48:00 AM

NAPERVILLE, Ill., June 21 /PRNewswire-FirstCall/ -- The following statement on today's ruling in Tellabs v. Makor is attributed to James M. Sheehan, Tellabs general counsel:

"Tellabs applauds the Supreme Court decision. We are encouraged that the Supreme Court recognized that the Seventh Circuit's decision was incorrect. The Supreme Court has also appropriately established a strict standard to be applied in sending the case back for further review. We believe that Congress intended such a rigorous standard when it enacted the Private Securities Litigation Reform Act of 1995 (PSLRA).

"We are confident that the complaint brought by Millberg Weiss against Tellabs will ultimately be found to be without merit."

About Tellabs -- Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Ranked among the BusinessWeek InfoTech 100, Tellabs (Nasdaq: TLAB) is part of the NASDAQ-100 Index, NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com

Forward-Looking Statements -- 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: the competitive landscape, including pricing and margin pressures, the response of customers and competitors, industry consolidation, the introduction of new products, the entrance into new markets, the ability to secure necessary resources, and the economic changes generally impacting 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.

Tellabs(R) and Tellabs logo are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE Tellabs

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Media
George Stenitzer
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or Investors
Tom Scottino
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both of Tellabs