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Tellabs...

scojones · 2003-01-13 16:33:06

I worked for Tellabs in Shannon last summer, when their stock price stayed around $5. In december they closed the Shannon plant and now their stock price is $9.09 as a result of the Shannon plant closing. I'm new to business principles and whatnot, and i was wondering if they closed the Shannon plant to increase their…

13-01-2003 4:33pm

#1

scojones

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Join Date: January 2002

Posts: 6808

I worked for Tellabs in Shannon last summer, when their stock price stayed around $5. In december they closed the Shannon plant and now their stock price is $9.09 as a result of the Shannon plant closing. I'm new to business principles and whatnot, and i was wondering if they closed the Shannon plant to increase their stockprice was/is that legal?

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Comments

#2 13-01-2003 4:37pm

spongebob

Closed Accounts Posts: 6,143 ✭✭✭

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Posts: 5560

its legal and seems to have worked for them.

the market expected them to take drastic actions to reduce their cost base in view of current sales levels.

It rewarded them when it perceived that they were doing so by closing both Drogheda and Shannon

By market I mean the NYSE where they are quoted.

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#3 13-01-2003 4:39pm

scojones

Closed Accounts Posts: 7,230 ✭✭✭

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Posts: 6808

Thanks alot muck!

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