Ibexx Queen of Nasdaq--
She says "after the announcement that TLAB/CIEN deal was off--temporarily or permanently."
Ibexx--an announcement such as this was never made after
Friday's close. The market had the information all day
long that discussions would be DELAYED until early September,
including the possibility that they could meet Tuesday.
There were NEVER announcements that "the deal was off".
These were the headlines that crossed Friday after the close:
DJ 08/21 [CIEN,T,TLAB] CIENA/TELLABS -3: RECOMMENDS MERGER UNDER PROXY TERMS
DJ 08/21 [CIEN,T,TLAB] CIENA - BUSINESS OUTLOOK -2: CANCELED HLDRS MEETING
DB 08/21 [DELL,CIEN,INTC] NASDAQ ACTIVES ON DAY: DELL COMPUTER, CIENA, INTEL.
DB 08/21 [CIEN,TLAB] CIENA STILL RECOMMENDS MERGER WITH TELLABS.
DJ 08/21 [CIEN,T,TLAB] *CIENA CONTINUES TO RECOMMEND MERGER WITH TELLABS
DJ 08/21 [CIEN,T,TLAB] *CIENA SEES BUSINESS OUTLOOK UNCHANGED AFTER AT&T DECISION
DB 08/21 [CIEN] CIENA SAYS SEES NO CHANGE IN BUSINESS OUTLOOK, HAS STRONG PROSPECTS.
Hence the move to $34. |
