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To: DM who wrote (1779)1/27/2000 11:04:00 AM
From: Jill  Read Replies (1) | Respond to of 8096
 
Others can answer this better, but I think that because the deal is inherently risky you get a discount now if you buy ETEK. I.E> if it goes through, any purchase of ETEK now, esp. calls, is a better "deal" than JDSU...but you could just end up with ETEK shares that crash if the deal fails.

But everybody thinks the deal will go through.