(FOOL GLOBAL WIRE) LEXINGTON, Ky. (June 13): The Nasdaq Composite took it on the chin for most of the day after Quantum Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:QNTM)") else Response.Write("(NASDAQ:QNTM)") end if %>, a disk drive maker, warned of weaker earnings. Although the technology group recovered somewhat late in the afternoon, the overall tenor for the day was negative.
In Investing For Growth news, telecommunications equipment maker Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> announced a new customer today. Telkom SA, South Africa's network operator, will be installing Tellabs' Martis DXX managed access and transport network solution for use throughout Telkom's International Private Line Services network.
Together with Tellabs in the collaboration is its South African partner, Grinaker Telecom. The first phase of the new digital leased line network, the establishment of a highly redundant inter-regional backbone, is expected to be completed this summer.
I'm obviously no telecommunications expert, so I'll go against my natural inclination as a former writing teacher and guess that a "highly redundant" backbone is a good thing. Tech-speak: it'll get you every time!
Look for the next updated list for the Investing For Growth top ten sometime late tomorrow. Stay Foolish!
Transmitted: 6/13/96 | ||||||||
INVESTING FOR GROWTH MODEL (6/13/96) | ||||||||
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