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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (1895)	8/14/1998 10:04:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

"We knew going into this merger that CIENA's business does not come without risks and short-term volatility," said Tellabs President and CEO Michael J. Birck. "We continue to believe in the long-term, strategic value of this transaction. CIENA's optical products and expertise, coupled with Tellabs' array of existing and pending transport products and systems, comprise a formidable product base that far outweighs short-term revenue and earnings variations. And despite CIENA's fiscal third quarter shortfall, we believe that our earlier guidance regarding third and fourth quarter results for the combined company remains appropriate." Thread, The calming words(above) out of TLAB this morning. That last statement is an important one. I'm surprised he made it. Something good must be happening at TLAB for him to make this bold of a statement. Obviously he feels TLAB is going to make up for CIEN reduced earnings. Sorry to get off on so many details concerning TLAB. I don't think I'll have anything more to offer. Just have to see how it all shakes out now. This situation kind of reminds me of the Ascend/Stratus situation. Lot's of panic initially, but maybe (IMVHO) a price recovery shortly. Key word, "maybe." MikeM(From Florida)