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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.160-1.4%Nov 28 9:30 AM EST

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To: David Lawrence who wrote (4103)8/21/1998 1:51:00 PM
From: Scrapps  Read Replies (2) of 9236
 
12:44 ET CIENA Corp (CIEN) 26 15/16 -29 17/32 (-53%): Telecom equipment maker was informed this morning that AT&T will not pursue further evaluation of CIENA's 40-channel WDM multiplexer. In light of this development, both Tellabs (TLAB 61 1/8 +3 7/8) and CIENA have agreed to delay their respective stockholder meetings until September 9. Investors are trading the stocks as if deal will not go through. Under previously released terms, Tellabs would acquire CIENA in a 1-for-1 stock exchange. When deal was announced in early-June, CIEN shares traded at 57 9/16 and TLAB traded at 65 7/8.
12:38 ET CIENA Corp (CIEN) 29 5/8 -27 5/32 (-48%): Company announces that AT&T will no longer evaluate CIENA's DWDM systems. Tellabs (TLAB 61 7/8 +4 5/8) says adjourns shareholder meeting on CIEN acquisition until Sept 7.


Oh MY!! Am I ever glad I stay out of that one...AWRE looks so much better now.

BTW. Did you know I started the post number grabbing back on the USRX thread? COPY CAT!!!! <GG>
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