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Technology Stocks : TLAB info?

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To: Doughboy who wrote (3254)	8/24/1998 12:42:00 PM
From: Chuzzlewit	Read Replies (2) of 7342

I think the deal will go through at a ratio of roughly .65 to 1. CIEN shareholders would have nothing to complain about, because as a stand alone the company would probably be trading in the low to mid 20's. Ciena is extremely vulnerable right now. It has a tiny customer base with a very narrow product line. I don't care how alluring the prospects for the future are, this company could fold if it does not align itself with a larger company with better marketing and strong finances. A ratio of .65 will give Cien s/h roughly 27% of the combined entity, and a buyout price of roughly $37. That's a hefty premium over what the market would have been with Cien as a stand alone company. TTFN, CTC

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