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

To: Chuzzlewit who wrote (3080)	8/16/1998 2:29:00 PM
From: Gary Korn	Read Replies (3) \| Respond to of 7342

Chuzzlewit, Further to who owns the issued shares, Market Guide reports that TLAB is about 80% institutional owned. So, insiders own 13%, AMEX and Putnam another 10%, other insitutions another 70% and little guys the remaining 7%. If that is the case, the vote on Friday will certainly be dependent on what the institutions conclude. Perhaps, then, the risk that the market is giving this deal -- as reflected in what is currently a 4 point spread -- is the risk that institutions do not buy into Birck's logic come the 21st (as opposed to a risk that mgmt might back off). Gary Korn

To: Chuzzlewit who wrote (3080)	8/17/1998 2:03:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 7342

>> What I do understand is that for a cost of approximately one third TLAB we as shareholders in TLAB are buying a technology. Presumably, this technology is worth that and more according to Tellab's management. But the market seems to be telling us that Tellabs has grossly overvalued the technology judging by potential customer's purchasing habits. << TLAB is just getting some overpriced technology eh? Are you forgetting the fact that TLAB is getting over half a billion in revenues and over $100 million in net income to go along with the deal? Oh, don't forget to throw in a couple hundred million in cash from CIEN to spice up the deal.