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Technology Stocks : Ciena (CIEN)
CIEN 199.26-1.1%Nov 7 4:00 PM EST

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To: Daniel W. Koehler who wrote (2693)9/4/1998 10:01:00 AM
From: Mama Bear  Read Replies (2) of 12623
 
Daniel, the market is telling us that it does not have confidence that the deal is done. It may just be a byproduct of the losses suffered by the risk arbs when the T announcement came out. Mr liao's representation of Mr. Birck's statements can be 100% correct, and we still end up with no deal. You can see from this morning's CIEN trading that there are an awful lot of willing sellers.

I'm not familiar with Mr. Hornsberger, and only vaguely aware of the FOF. My Libertarian activities lately are confined to accounting for the monthly credit card charge for my sustaining membership.

Barb
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