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Technology Stocks : Ciena (CIEN)

CIEN 230.45

+9.4%

Dec 19 4:00 PM EST

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To: Kris Unger who wrote (2322)	7/15/1998 1:26:00 PM
From: Jon Cave	Read Replies (1) of 12623

Your Ciena shares will be converted to TLAB shares. 1 share of Tlab = 1 share of CIENA (I think) Ciena and TLAB's stock price are both tied to one another. If TLAB makes a big anouncement or has great earnings CIENA's stock price will rise with TLABS. Howerver, if CIENA has a bad quarter then TLAB's share price could fall because they own CIENA. As the date of the conversion gets closer the difference between TLAB and CIENA should close to 0.

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