Tellabs, Inc. is a global network technology company that provides services to both private and governmental agencies. The company was founded by Michael Birck in 1974 and is headquartered in Carrollton, Texas. History Tellabs traces its roots to a meeting in 1974 over a kitchen table in suburban Chicago. According to company founder Michael Birck, a group of six men with backgrounds in electrical engineering and sales drank coffee and brainstormed ideas for a new telecom company. They aimed to build a company that offered customers products and services that met their specific needs. After raising $110,000 in capital, they incorporated as Tellabs in the spring of 1975; the name combined the idea of telephones and laboratories. The start-up only had a one-man research department, a second-hand soldering iron picked up for $25, and an outdated oscilloscope. In a matter of months, Tellabs began making echo suppressors, which suppress annoying echoes on phone calls. During this time, the founding partners drew no salaries. The company went public in July 1980, ending the year with sales of $43.7 million. In September 1981, Tellabs introduced the industry's first echo canceller, an advance over the original echo suppressors that synthesized an echo and electronically subtracted it. By 1990, Tellabs had grown to 2,000 employees at 25 locations globally and sales of $211 million. Tellabs made several acquisitions and expanded globally in the 1980s and into the 1990s, including Coherent Communications Systems Corp. and Martis Oy in Finland. In 1991, the company took a new direction, releasing its SONET-based TITAN 5500 digital cross-connect system. These systems switch traffic from one circuit to another, connecting traffic inside and between networks. Richard Notebaert, who had led Ameritech, the Midwestern AT&T spin-off until it was acquired by SBC in 1999, took over Tellabs as CEO in September 2000. Pundits labeled Notebaert the “$6 billion man.” However, as the Chicago Sun-Times also reported, the telecom industry also collapsed. The Chicago Sun-Times reported: “Telecom went from boom to bust as venture capital dried up and customers cancelled orders for the sort of equipment made by Tellabs and its competitors, including Nortel Networks and Lucent Technologies.” In 2003, following industry trends and after 28 years as a manufacturer, Tellabs sold its last plant in Illinois and outsourced its manufacturing. The company continued downsizing. Krish Prabhu, former chief operating officer of Alcatel, took over as CEO in February 2004. Prabhu saw