Tellabs not interested in convertible debt, CFO says


CHICAGO, June 26 (Reuters) - Tellabs Inc. has no interest in using convertible bonds to build its cash position, the telecommunications equipment maker's chief financial officer said on Thursday. "We've looked at the current frenzy in the market place around convertibles," Timothy Wiggins said at a William Blair & Co. conference in Chicago. "At the end of the day, we're saying we don't see a need to do that and we don't want to put debt on the balance sheet." Many companies view ...

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