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To: j g cordes who wrote (17625)	8/16/1998 9:53:00 PM
From: Johnny Canuck	Respond to of 70169

>> Why Cien instead of Tlab? Won't Tlab be a beneficiary? I am trying to capture the 4 dollar discount that CIEN is trading at in comparison to TLAB. I expect that to close to zero after the 21 st. I expect TLAB and CIEN to both bounce since they are technically over sold. I expect the support at 58 to hold though a visit to 52 could be possible if the market conditions get really ugly. I got some TLAB on Friday too. Actually, I got the CIEN inadvertently. I forgot I have a limit order on CIEN AT 58 3/4. I was looking to get TLAB at a discount when the merger was announced. The dangers of concentrating on work instead of the market. The positions on Friday were investment positions. The positions on Monday will be short term trading positions. Time for dinner. I will be back later.

To: j g cordes who wrote (17625)	8/17/1998 5:40:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70169

Execs divesting in weak market By Dawn Kawamoto Staff Writer, CNET NEWS.COM August 14, 1998, 4:05 p.m. PT Cisco chief executive John Chambers and several Cisco directors have filed plans to sell a sizable number of their shares in the company, at a time when its stock has been flat for weeks. The executives were among a host of corporate insiders who have filed plans to divest this month, according to filings with the Securities and Exchange Commission this week. QUOTE SNAPSHOTAugust 14, 1998, 1:01 p.m. PTCisco Systems Inc. CSCO 96.4375-0.2500 -0.26% NA GTWYNANA NA% Oracle Corporation ORCL23.8125 -0.6875 -2.81% > more from CNET Investor > Investor message boardsQuotes delayed 20+ minutesChambers, whose company is among the tech stock bellwethers, has filed to sell 390,000 shares with a value of $38.5 million, according to the regulatory filings. His planned sale represents 32 percent of his holdings, according the company's latest proxy statement. The CEO still has 1.4 million options--outside of his current holdings--that have yet to vest. Cisco stock, which climbed from around $75 a share in early June to peak at a 52-week high of $104.50 in mid-July, since has dropped to the mid-90s range--where it has hovered for the past several weeks. Other Cisco insiders who plan to sell include directors Robert Puette, with 30,000 shares valued at $2.97 million; Selby Wellman, with 54,532 shares valued at nearly $4.3 million; and Steven West, with 22,500 shares valued at $2.23 million. "I think, prior to this selling, Cisco's insiders have been fairly reluctant to part with their shares," said Craig Columbus, an insider analyst with Disclosure. "There hasn't been this level of selling since February or March. Meanwhile, Gateway chairman and CEO Ted Waitt has filed to sell 375,000 of his shares in the company, which are valued at $20.5 million. Waitt, who still had 605,00 unvested options when the company filed its 1997 proxy, plans to sell at a time when Gateway's share price has fallen from around 65 in mid-July to close at 56.6875 today, down 0.4375. Also, Oracle's Robert Shaw, vice president of the database company's worldwide consulting and vertical markets, plans to sell 83,200 shares valued at $2.2 million. His sale comes as the stock has been fairly flat--since May--closing at 23.8125 today, down 0.6875.

To: j g cordes who wrote (17625)	8/17/1998 11:04:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70169

Hi Jim, You might want to add ADCT to your watch list tommorrow. Earnings are Wednesday. Huge volume today with heavy activity in the last hour. The last hour looked like buying by the blocks from a technically oversold situation, but if you look at the options string someone stands to lose a lot of money if we don't finish near 20 by options expiration. ADCT has only met earnings the last 2 quarters. iqc.com cboe.pcquote.com