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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (11741)	5/23/2002 9:03:43 PM
From: 16yearcycle	Respond to of 57684

"One slightly positive aspect of the deal, as Lehman's Levy notes, is that Ciena is acquiring the company for roughly the equivalent of ONI's $600 million cash value and its $300 million convertible debt.That means the business ?- technology, talent and coveted customer ties -- come along mostly for free." --------------------------------- "Slightly positive." I used to read inane quotes from the 70's bs market controlled by idiotic traders who were waiting for the ta to get better, and I would wonder how it all could have happenend. Let me make it clearer: the business is free. Period. If you bought a house for 1 million that had $300,000 dollars of jewelry and $700,000 dollars cash sitting on the floor of the family room, and you got to keep it, you got the house for free. Within two years, this will be important. Or so everyone thinks. I think its important now.