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Technology Stocks : Ciena (CIEN)

CIEN 210.71

+3.3%

Dec 18 4:00 PM EST

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To: John Carragher who wrote (2629)	8/28/1998 5:40:00 PM
From: nokomis	Read Replies (3) of 12623

John, thanks. What do you make of the following insider trade? Message 2544 of 2544 - YAHOO ÿÿÿÿ ÿÿÿÿÿ Hmmmm.....Michael Birck gave gifts (to the kiddies?) Yup...he gave gifts of 18,902 TLAB shares on July 21...now what kind of man gives gifts that he doesn't KNOW will appreciate? And, incidentally, their stock on July 21 was close to $90! (do you suppose he might have suggested "the kiddies" sell out right away?)Would be interested to hear others interrpretation of this strange action. Sure, it's in Telabs interests for their stock to nosedive leading up to merger...and then pop. Insider trading tells it all...hold onto your shares if CIEN. The institutions can't afford NOT to buy back into Tlabs before merger, thus boosting CIEN's take as the gap narrows. Insider Trades - Tellabs Inc (Nasdaq:TLAB) Updated: 14-Aug-98 21-Jul-98 BIRCK MICHAEL J Gave as Gift 5,902 Common - - 16-Jul-98 BIRCK MICHAEL J Gave as Gift 13,000 Common ÿ

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