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

To: Doughboy who wrote (3136)	8/19/1998 11:51:00 AM
From: tom pope	Read Replies (1) \| Respond to of 7342

>>This shouldn't be too much of a surprise though because this is not much different from any garden-variety earnings warning by a company; there's nothing there to sue about<< There don't seem to be grounds for a suit against CIEN - as you say this is a garden variety earnings warning. The only possible grounds for a suit might be that the TLAB directors have failed in their fiduciary duty of getting the best deal for their shareholders (by renegotiating). Presumably they've retained outside counsel to advise them on this issue, and that they've decided that the risk is not material.

To: Doughboy who wrote (3136)	8/19/1998 12:44:00 PM
From: still learning	Read Replies (1) \| Respond to of 7342

RE lawsuits: don't infer anything. There WILL be lawsuits re Cien/Tlab. Guaranteed. It used to be that the first to file was the class action atty of record and automatically got the lin's share of fees. Reform a couple years ago changed that. Now lawyers don't file as quickly, but they do want to sign up as many plaintiffs as possible to have a larger share of the fees, since fees are allocated now based on # of people represented. In any case there are ALWAYS class action suits when a stock drops this much and the NYT and WSJ articles will almost certainly fuel that. JMHO