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


To: Ibexx who wrote (11828)2/18/2002 9:18:34 AM
From: Kenneth E. Phillipps  Respond to of 12623
 
It is a merger between the #1 company in optical switching with the #2 company in metro DWDM.



To: Ibexx who wrote (11828)2/18/2002 11:07:19 AM
From: BWAC  Respond to of 12623
 
Hmmm. Not only a good strategic merger, but CIEN got one hell of a deal too it would seem? Paying $843 Million in stock for ONI based of the closing price of $8.73 for CIEN last week.

And ONI has $678 Million in cash on the books. Offset by $300 Million Convertible Debt.