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Technology Stocks : Ciena (CIEN)

CIEN 191.74

-1.3%

Nov 14 4:00 PM EST

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To: jach who wrote (3206)	9/16/1998 6:00:00 PM
From: Candle stick	Read Replies (1) of 12623

Read the story about Ciena's charges LU sabotaged merger here: (scroll to the bottom.) cbs.marketwatch.com Ciena Corp. (CIEN) said it believes an unnamed competitor may have sabotaged its merger with Tellabs (TLAB), the Washington Post reported. Ciena said it traced some evidence to an e-mail at Lucent Technologies (LU). See press briefing. The news comes after the Tellabs cancelled the merger on Monday. Ciena fell 5/8 to 12 3/8. Tellabs climbed 2 3/8 to 43 5/8. and this: Compiled by CBS MarketWatch Last Update: 7:45 AM ET Sep 16, 1998 WASHINGTON (CBS.MW) -- Ciena Corp. (CIEN) said it believes an unnamed competitor may have sabotaged its merger with Tellabs Inc. (TLAB), The Washington Post reported Wednesday, citing a Ciena filing with the Securities and Exchange Commission. Ciena said it had traced some evidence to an email at Lucent Technologies Inc. (LU). Ciena also accused Wall Street traders of planting damaging news about Ciena to drive down its stock price. Ciena didn't ask the SEC to take any action. Ciena's deal with Tellabs collapsed on Monday. (The Washington Post)

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