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

To: Chuzzlewit who wrote (3076)	8/16/1998 1:06:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 7342

Chuzzlewit, Part of me thinks that the NYTimes article was based on information from a disgruntled fund manager. But who knows? Thinking back again to the cc, I have some thoughts: 1. The entire point of the cc (according to Birck) was to put this stuff on the table BEFORE the shareholder vote, so that would be the opposite of deceipt. 2. I recall something in the cc acknowledging that there would in fact be dilution (i.e., that CIEN earnings per share would not equal TLAB earnings per share). I also think that the amount stated was about that mentioned in the NYTimes article. Again, no deceipt there (if my recollection is correct). I'll listen to the cc again on this. 3. The NYTimes article made no mention whatsoever to any of the information discussed in the cc. That seems rather one-sided or poor reporting, doesn't it? Particularly since -- in assessing whether this deal will go through -- the cc seems pretty germane. Gary Korn

To: Chuzzlewit who wrote (3076)	8/16/1998 1:13:00 PM
From: Gary Korn	Respond to of 7342

From the proxy statement filed earlier this year, beneficial ownership of more than 5% of TLAB (relative to who will be voting on the deal): Beneficial Amount of Name Ownership Percent (1) - ------------------------------------------------------------------------ Michael J. Birck 19,831,614 (2) 10.5% Putnam Investments, Inc. 10,912,543 (3) 5.8% American Express Company 9,894,657 (4) 5.3% Peter A. Guglielmi 527,046 (5) * Brian J. Jackman 429,927 (6) * Richard T. Taylor 89,275 (7) * Frederick A. Krehbiel 77,000 (8) * William F. Souders 66,000 (9) * John D. Foulkes, Ph.D. 32,000 (10) * Stephanie Pace Marshall, Ph.D. 19,334 (11) * John E. Vaughan 10,000 (12) * Jan H. Suwinski 4,334 (13) * All current executive officers 23,732,163 (14) 12.6% and directors as a group (17 persons)