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Technology Stocks : TLAB info?

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To: LakesideTrader who wrote (3574)9/9/1998 11:23:00 AM
From: DMaA  Read Replies (2) of 7342
 
Boat anchor affect - from Briefing.com:

CIENA Corp. (CIEN) 22 1/2 -5 25/32: more bad news for this telecommunications equipment maker; according to CNBC, company has lost the bidding on another significant contract worth $100 mln when Digital Teleport selected some one else; meanwhile, shares of Tellabs (TLAB 48 +4 9/16) are trading up on the hopes that this latest miscue will prompt TLAB to call off the merger these two companies are currently engaged in.....

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