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Technology Stocks : Ciena (CIEN)
CIEN 195.76+7.0%Nov 5 4:00 PM EST

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To: Asymmetric who wrote (2882)9/11/1998 12:28:00 AM
From: Thorr  Read Replies (3) of 12623
 
This deal is has to be reconsidered by TLAB based upon all the recent bad news. But keep this in mind
-All of the big arbs are out they and it will take allot to get them back in (thus wide spread until the cos. clarify the deal)
-As of 6/30 TLAB owns 6.5% of the company at an ave total price over 200MIL higher (let them explain that to shareholders)
-TLAB CEO owns 1/2 of the voting shares and he wants the deal.
-100MIL breakup fee
-no fraud here just some bad news
-TLAB had to have known most of the picture.
-lost 50% of 100MIL$ contract over 3 years. Bad news but not the end of the world.
-general market looks bad.

all in
30% scrap deal (CIEN 9-15$)
25% new price (.6 maybe)
45% deal goes through

Odds are in your favor
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