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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Miguel Octavio who wrote (3017)	8/14/1998 10:06:00 PM
From: Immi	Read Replies (1) \| Respond to of 7342

CIENNA does not have a customer base just a small one. CIENNA does not have "reliabilty", CIENNA does NOT have a good international operation, CIENNA does NOT have any goodam thing that TLAB wants except 1) WDM technology 2) the people that come with it. Basically, TLAB is buying the "brains" the engineers, for 7.1 billion dollars. There is nothing else that TLAB covets.. Yes, I believe I have overpaid for this sucker... Every 2-3 cents make a difference my friend. It adds to earnings. I pay P/E price for earnings.. It counts my friend, for the value of this stock. Immi

To: Miguel Octavio who wrote (3017)	8/16/1998 8:08:00 PM
From: Wowzer	Read Replies (2) \| Respond to of 7342

What is different?? How about the spread increased significantly after CIEN warned from around a $1 to $4. We are now only 5 days from this being a done deal. Also, it seems like most of the participants on SI are convinced the deal will go through in its current form and believe it's easy money to short TLAB and long CIEN for the difference. However, the market doesn't seem quite as convinced. Granted TLAB's is buying CIEN for its "technology". However, as hard as this may be to belive, it is possible to pay too much for "technology". CIEN may have just indicated that TLAB is about to get screwed and end up with someone else's problem. There some serious number crunching going on this weekend by large institutional investors. And I have a gut feel this deal in its current form ain't gone happen. I know, I know, Mr. Birck has assured us the deal is going through as planned, but last time I checked the major shareholders will call the shots on this one. Lets just say you were about to pony up $7.1 billion on your dream house (top that Gates) and a week before closing the seller says there might be a slight problem with the foundation but it is probably nothing and you bought the house mainly for its "street appeal" anyway so don't worry. And even with you wife beating you over the head to sign on the dotted line, you just might want to step back and reassess. That is what I am betting on... What if the deal doesn't go through in its current form? Just imagine the amount of short covering on TLAB that would occur as all that "easy" money goes right down the toilet. The thing I find really interesting is why CIEN warned a week before the merger. You would think they could of hid the problem for another week or so. Was somebody about to give up the goods on them or they just wanted to limit the massive amount of lawsuits that would be sure to follow. The NY times article makes this all the more interesting...what a poker game. Should be an interesting week! Rory