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Technology Stocks : TLAB info?

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To: Doughboy who wrote (3254)8/24/1998 3:12:00 PM
From: still learning  Read Replies (1) of 7342
 
IfCIEN walks from, say .6, then CSCO would have no one to bid against. Therefore they could offer what they think it's really worth, damaging CIEN's bargaining position. Both TLAB and CIEN do best by completing this transaction -- the spectre of another bidder hangs over TLAB , helping CIEN, and TLAB gets to drive down the price substantially.
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