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) June 28, 1996
TELLABS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-9692 36-3831568
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
4951 Indiana Avenue, Lisle, Illinois 60532
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (708) 969-8800
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events
On June 28, 1996, the Registrant signed an agreement to acquire the SONET
product line from TRANSYS Networks Inc., a privately held company. Further
details of this action are contained in the press release of the Registrant
dated July 1, 1996 attached hereto as Exhibit 20.2 and incorporated herein
by reference.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
TELLABS, INC.
Date: July 3, 1996 By: s\ Carol Coghlan Gavin
Carol Coghlan Gavin
General Counsel and Secretary
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 20.2 Press Release of Tellabs, Inc. dated July 1, 1996
Exhibit 20.2
News Release
FOR IMMEDIATE RELEASE CONTACT: Thomas P. Scottino
07/01/96 (708) 378-7504
Brian J. Jackman
(708) 512-7801
TELLABS ACQUIRES SONET PRODUCT LINE FROM TRANSYS NETWORKS INC.
Broadened Tellabs' TITAN (a registered trademark of Tellabs Operations,
Inc.) Transport and Access Portfolio Will Speed SONET Deployment
Lisle, Ill. -- Telecommunications equipment manufacturer Tellabs
announced today that it has reached an agreement with TRANSYS Networks
Inc., a privately held developer based in Montreal, Canada, to acquire
SONET technology that complements Tellabs' TITAN line of SONET-based
digital cross-connect systems.
Under the terms of the agreement, Tellabs acquired TRANSYS Networks'
SONET product line for a purchase price of approximately $17 million.
"The TRANSYS SONET product line complements the capabilities of our
TITAN 5300 and SONET-based TITAN 5500 digital cross-connect systems,"
said Richard T. Taylor, vice president and general manager of the
Tellabs Digital Systems Division. "This family of products will become
an integral part of our interoperable ring architecture."
"These new TITAN network elements address the needs of a broadened
SONET market that requires TITAN capabilities in a smaller, more
affordable configuration," Taylor added. "That's an enhancement to our
portfolio that many customers are asking us to provide, and it positions
us to more fully participate in the fast growing, multi-billion dollar
market for SONET transport equipment."
Tellabs expects to begin commercial trials and initial release of
products based on the TRANSYS technology in the first half of 1997 with
many feature enhancements to follow.
"This acquisition is consistent with our strategy," said Tellabs
Operations, Inc., President Brian J. Jackman. "We are very impressed
with the next-generation technology developed by this innovative
Canadian company."
TRANSYS President Elie Karam and his SONET development team will join
Tellabs. "We believe the synergy between the TRANSYS technology and
Tellabs' industry-leading TITAN systems will result in a powerful
broadband networking solution," Karam said.
TRANSYS was founded in 1994, with the mission to design and develop
innovative telecommunications infrastructure products. The company's
efforts have been directed toward the development of SONET networking
equipment.
Tellabs designs, manufactures, markets and services voice, data, and
video transport and network access systems. The company's products are
used worldwide by the providers of communications services. Tellabs,
Inc., stock is listed on the Nasdaq Stock Market (TLAB).
