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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: bill c. who wrote (11162)	6/3/1998 8:03:00 AM
From: bob jaremsek	Respond to of 21342

Tellabs to buy Ciena for $7.3bln-NYT NEW YORK, June 3 (Reuters) - Telecommunication equipment maker Tellabs Inc is buying competitor Ciena Corp for $7.3 billion in stock, the New York Times reported Wednesday. Citing people close to the deal, the Times said the two companies would make an official announcement on Wednesday. According to the Times, Ciena shareholders will receive one share of Tellabs stock for each of their shares. Ciena shareholders are expected to own roughly 35 percent of the combined company, once a deal closes. Takeover speculation drove the price of Ciena's stock price up $6.1875 in Nasdaq trading on Tuesday to close at $57.5625. Tellabs stock rose just $0.0625 in Nasdaq trading Tuesday, closing at $65.875. The two companies have been caught up in the consolidation of the telecommunications equipment industry, and have leveraged their specialized technical knowledge to generate strong growth, the Times wrote. Tellabs reported $1.2 billion in revenue last year, compared to $494.2 million in 1994. Savage, Maryland-based Ciena reported sales of 373.8 million in 1997. The new company is expected to keep the Tellabs name and the headquarters will remain in Lisle, Illinois. Tellabs current chief executive officer Michael Birck will retain that position with the new company, while Ciena's CEO, Patrick Nettles, will become president and chief operating officer, the Times wrote.

To: bill c. who wrote (11162)	6/3/1998 8:17:00 AM
From: Zephod	Read Replies (1) \| Respond to of 21342

>>Bell Atlantic plans to service 1.7 million homes in 1998 and an additional 4 million homes in 1999. Bill; Great news, 1.7 million in '98 sounds aggressive. MZ mentioned DMT mid to late '99, thats a lot of SuperVision RADSL modems going out the door in the meantime.

To: bill c. who wrote (11162)	6/3/1998 8:50:00 AM
From: Skiawal	Respond to of 21342

Short Squeeze ???

To: bill c. who wrote (11162)	6/3/1998 10:13:00 AM
From: Tim O.	Read Replies (1) \| Respond to of 21342

Bill, has it been confirmed/announced that WSTL got BA contract? As you know, trialing doesn't mean commitment to a vendor. tim