Here's the response from CIEN investor relations that I got when I asked about takeover rumors.
-John Dodson
Subject: Re: Investor Question
Re: Investor Question
Date: Mon, 23 Nov 1998 14:38:04 -0500
From: Jessica Towns <jtowns@ciena.com>
To: jdods@ibm.net
Mr. Dodson, I understand your need for clarification on this specific rumor, however, it is the Company's policy not to comment on market rumors or on matters of corporate structure. I would refer you to comments made by Pat Nettles, our CEO on CNBC about 2 weeks ago -- he stated that:
CIENA is currently focused on building the business and not on selling the company. Going forward, as has been our practice in the past and as was the case when the
Tellabs opportunity presented itself, our Board of Directors will evaluate opportunities for strategic partenerships and combinations on a case-by-case basis as they arise.
Jessica Towns, Investor Relations.
At 05:22 PM 11/21/98 -0600, you wrote:
>Dear Investor Relations,
>
>I am a Ciena shareholder. Please tell me what Ciena's official position
>is on being taken over. With all of the rumors swirling around, I am a
>bit confused whether Ciena wants to remain independent or not. I think
>unless you clearly state that you're not interested in being bought out,
>these rumors are going to continue driving huge volatility in Ciena
>stock.
>
>Thanks,
>
>John Dodson
> |
