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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (2431)	8/22/1998 6:56:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 12623

>> For anyone interested, do a chart on SI with two stocks, TLAB and CIEN. Below the chart are some rough numbers for the two companies. Reading those numbers, you gotta wonder what institution would vote for a 1:1 stock swap (even if DWDM is strategically important). << Mr. Korn, 1) The numbers below the SI chart generator are wrong. They are comparing 1997 CIEN numbers to 1998 TLAB numbers. Ciena didn't have $97 million in sales for Q2 ending 4/30/98, they had that for 4/30/97. The net income listed is for 1997 as well. 2) Yes, the deal was/is a 1 for 1 stock swap, but you have to take into account that CIEN has less shares outstanding than TLAB. I think that might change things a bit.