question about class vs class at

[grocery_stocker]

When I do pexpect.spawn in the following example, I see <class
'pexpect.spawn'>

[cdalten at localhost oakland]$ python
Python 2.4.3 (#1, Oct  1 2006, 18:00:19)
[GCC 4.1.1 20060928 (Red Hat 4.1.1-28)] on linux2
Type "help", "copyright", "credits" or "license" for more information.
>>> import pexpect
>>> pexpect.spawn
<class 'pexpect.spawn'>
>>>

But now, when I do telnetlib.Telnet, I see <class telnetlib.Telnet at
0xb7eded1c>
>>> import telnetlib
>>> telnetlib.Telnet
<class telnetlib.Telnet at 0xb7eded1c>
>>>

Why do I see <class telnetlib.Telnet at 0xb7eded1c> for
telnetlib.Telnet, but I don't see the same for  <class
'pexpect.spawn'>? Ie, how come I don't see  <class 'pexpect.spawn' at
0xb7eded1c> ?