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Business briefs


November 2, 2009

Tellabs reports third-quarter revenue

Naperville-based Tellabs' third-quarter 2009 revenue totaled $389 million, compared with $424 million in the third quarter of 2008.

Almost half of overall revenue came from growth products, including the Tellabs 6300, 7100, 7300, 8600 and 8800 systems and professional services.

Tellabs earned $29 million or 7 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with a loss of $999 million or $2.51 per share in the year-ago quarter, which included a non-cash goodwill charge of $988 million.

On a non-GAAP basis, Tellabs earned $28 million or 7 cents per share, up 51 percent from $19 million or 5 cents per share in the year-ago quarter.

CityGate Grille opens today

CityGate Grille, the newest component of Naperville's mixed-use development CityGate Centre, will have a grand opening event from 5 to 7 p.m. today.

The restaurant offers a fresh take on American regional cuisine enlivened with Mediterranean influences.

The restaurant, at 2020 Calamos Court, is a part a 1-million-square-foot, mixed-use lifestyle center. In the complex is Hotel Arista, Illinois' first LEED certified hotel, as well as SugarToad, a restaurant serving sustainable American cuisine.

Call 630-718-1010 or visit www.citygategrille.com .