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

To: Baldwin who wrote (3030)	8/15/1998 2:28:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 7342

Are you talking about voting.... Deal; 1 share of cien for one share of tlab will go through 8/21. I expect at that point all cien shares will be converted to tlab and cien will no longer be listed. The two companies' Boards of Directors, acting separately, have set Monday, July 20, 1998, as the record date for the determination of stockholders entitled to vote on the merger. Assuming the requisite approval by both companies' stockholders, the merger is expected to close on August 21 I would expect the spread in price to go away as we close in on 8/21.

To: Baldwin who wrote (3030)	8/15/1998 3:22:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 7342

Too late to buy Cien & get in on TLAB, record date has passed already. It was July 20, 1998. Baldwin, The record date of July 20 was for voting purposes only. If you buy 1,000 shares of CIEN on Thursday, August 20, and if the merger goes through as planned, you will end up owning 1,000 shares of CIEN. It does not matter when you buy the shares. Gary Korn

To: Baldwin who wrote (3030)	8/15/1998 8:50:00 PM
From: JMD	Read Replies (1) \| Respond to of 7342

Baldwin, you are misinformed and confusing a dividend date with an acquisiton. There is no such thing as a "record date" in the sale of a listed company. CIEN will go bye-bye one second after this deal is done. CIEN's prior shareholders become TLAB shareholders in whatever proportion the purchase agreement specified in this case 1:1. As to you looking through notes of the CC regarding Mr. Birck's remarks on T, here are mine, verbatim: "Our record with [AT&T} is nothing to write home about". Mr. Birck fully expects that TLAB and CIEN, merged or independent, will have two arms and three legs tied behind their back trying to break down the historical tie between T and LU. He is nothing if not a realist. I consider the matter almost ludicrous. OBVIOUSLY, the entrenched bureaucracy at T will go with their blood-brothers. Equally obviously, that kind of thinking has gotten T where they are today: falling ever further behind in the telecom world. If Mike Armstrong turn this dinosaur around, he should be given saint-hood. As for TLAB/CIEN, on to bigger and better things with companies who have a clue. Mike Doyle