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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Greg Hull who wrote (26779)5/8/2000 1:55:00 PM
From: George Dawson  Respond to of 29386
 
Greg,

I just looked over CIEN press releases. It looks like on the day the deal was called off this release occurred:

ciena.com

Basically earnings expectations were met, but a caution and a restructuring plan.

With regard to my previous post, I forgot to mention that arbitrage per se is supposed to be good for market efficiency in that it removes small price differences between markets. I don't know where the risk is in risk arbitrage, unless the deal does not close. Any opinion on this from experienced traders is welcome.

George