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Technology Stocks : TLAB info?

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To: Chuzzlewit who wrote (3226)	8/22/1998 12:26:00 PM
From: craig crawford	Read Replies (1) of 7342

>> John, I think you're right on all counts, and I think the market agrees with you since the price of CIEN is still higher than it was when the merger was announced << CIEN was above $50 when the merger was announced. >> Given all of the CIEN bad news, I would expect the stock to be trading around $20 if the market did not feel an acquisition was in the offing. << Possibly, but I think CIEN's technology is worth more than $1.8 billion. >> All of CIEN's problems appear to me to be of a short-term nature. << True, but oh the problems! One after another it seems like. >> If its true, as you and Craig and others agree, that the merger is really a technology purchase, then the merger will go through. << I'm not sure that's what I was saying. I think CIEN's technology is a big part of the asking price, but losing a $100 million+ order is not a small thing. It's the credibility factor that bothers me most. At the present time Ciena management cannot be relied upon in my eyes.

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