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Technology Stocks : Ciena (CIEN)
CIEN 201.59+3.0%Dec 5 4:00 PM EST
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To: Techplayer who wrote (9996)12/14/2000 10:52:14 AM
From: James Fulop   of 12623
 
>>The fact is that Cien had not written down the
acquisition costs of Omnia when the stock rocketed from the lows. The founders of
Omnia were not even able to sell all of their shares until the cost of the deal exceeded 2
billion.<<

I am no accounting expert, but it would seem you think that acquisition costs are a direct function of the price at which the stock used in the acquisition is sold. That is not my understanding of the way it is done....(but I have been wrong many times in the past...<g>)
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