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Technology Stocks : TLAB info?

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To: Baldwin who wrote (3030)	8/15/1998 8:50:00 PM
From: JMD	Read Replies (1) of 7342

Baldwin, you are misinformed and confusing a dividend date with an acquisiton. There is no such thing as a "record date" in the sale of a listed company. CIEN will go bye-bye one second after this deal is done. CIEN's prior shareholders become TLAB shareholders in whatever proportion the purchase agreement specified in this case 1:1. As to you looking through notes of the CC regarding Mr. Birck's remarks on T, here are mine, verbatim: "Our record with [AT&T} is nothing to write home about". Mr. Birck fully expects that TLAB and CIEN, merged or independent, will have two arms and three legs tied behind their back trying to break down the historical tie between T and LU. He is nothing if not a realist. I consider the matter almost ludicrous. OBVIOUSLY, the entrenched bureaucracy at T will go with their blood-brothers. Equally obviously, that kind of thinking has gotten T where they are today: falling ever further behind in the telecom world. If Mike Armstrong turn this dinosaur around, he should be given saint-hood. As for TLAB/CIEN, on to bigger and better things with companies who have a clue. Mike Doyle

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