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Technology Stocks : ONI Systems Corp. (ONIS)
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To: Ron Dior who wrote (216)3/4/2002 2:45:03 PM
From: Glenn Petersen  Read Replies (1) of 227
 
Actually, the discount is quite small. If I am not mistaken, each share of ONIS will be exchanged for .7104 shares of CIEN. $8.80 times .7104 equals $6.25. The current price of ONIS is $6.10. There is usually a wider disparity at this point. The market may be telling us that it expects CIEN to bump the price up a bit.
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