More on Tellabs (TLAB) Q4: Shares -6.4% after the firm posts its 5th straight quarterly loss and...

|By:, SA News Editor

More on Tellabs (TLAB) Q4: Shares -6.4% after the firm posts its 5th straight quarterly loss and estimates it will take a pretax charge of $107M in Q1 as it makes more cuts. Tellabs will fire another 530 workers, adding to the 330 layoffs it announced in July, and its closing ops in California, Vancouver, Bangalore and and Karachi.