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Technology Stocks : TLAB info?

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To: The ChrisMeister who wrote (3526)	9/4/1998 11:52:00 AM
From: Phil Wilson	of 7342

INTERVIEW-Tellabs committed to revised Ciena deal By Jessica Hall NEW YORK, Sept 3 (Reuters) - Tellabs Inc. <TLAB.O> Chief Executive Michael Birck said he is committed to the acquisition of Ciena Corp. despite the slide in the companies' stock prices and criticism of expected earnings dilution and revised merger terms. "We're trying to provide whatever assurances we can that this is a wise decision, in our judgment. It is one that has longer-range or strategic implications," Birck told Reuters in an interview. "Nothing has changed in that regard. We're disappointed that people have taken such a short-term view of this...but you have to balance your longer-term future against the thrill of the moment in seeing your stock price go up," he said. MORE Rtr 17:44 09-03-98

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