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Business Description
Tellabs, Inc. designs and markets equipment to providers of telecommunications services worldwide. The Company also provides installation and professional services that support its product offerings. Tellabs' products and services provide solutions for wireline services to business and residential customers, wireless services and broadband data networking. The Company operates in four segments: transport, managed access, voice-quality enhancement and broadband data. In November 2004, the Company expanded into adjacent markets by acquiring Advanced Fibre Communications, Inc. (AFC), a supplier of access products in North America. In addition, in December 2004, Tellabs acquired Vinci Systems Inc. (Vinci), a privately held developer of Optical Networking Terminals (ONTs) for Fiber to the Premise (FTTP) access systems. In December 2004, the Company added a fifth product category, access, to incorporate the access products that the Company obtained through the acquisitions of AFC and Vinci.

Financial Information
For the fiscal year ended 12/31/04, revenues rose 26% to $1.23 billion. Net loss fell 88% to $29.8 million. Revenues reflect an increase in income from transport systems and broadband data. Lower loss also reflects reduced administrative expenses and lower restructuring charges.