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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (9993)	12/14/2000 10:34:33 AM
From: James Fulop	Read Replies (2) \| Respond to of 12623

>>Omnia was bought for 420 million when Ciena was at 28. Do the math<< I don't want to get in the middle of this, but surely you should take the figure and the stock price at the time of acquisition. Otherwise one could say some of the acquisitions Cisco made in its early days were astronomical given what the stock price has done since then. Or am I missing something here?

To: Techplayer who wrote (9993)	12/14/2000 11:17:44 AM
From: jghutchison	Read Replies (1) \| Respond to of 12623

techplayer, I will admit that the Omnia deal was not a very good one for Ciena, but you are changing your story here. You claimed that Ciena's acquisition track record was not very good. I disagree with that. The Lightera acquisition more than makes up for the Omnia loss. Just like trading stocks. You win a few and you lose a few. Also, 420 million does not equate to 1.5 billion. You do the arithmetic. These acquisitions added significant value to Ciena's market cap, rather than detract as you suggest. I am not aware of the total loss of the Ominia staff. Has Ciena shut down the Westborough facility? I would think that would be the case if the entire staff left en mass. Jack Hutchison