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

To: Doughboy who wrote (3254)	8/24/1998 12:17:00 PM
From: Ibexx	Respond to of 7342

Doug, Hope your ideal scenario works out for you. However, CIEN's technology doesn't appear to be as attractive as a couple of years ago, and it is no longer in a position to name its own ticket. That is just way of life in the cutting-edge high tech indusry--nothing unique. Ibexx

To: Doughboy who wrote (3254)	8/24/1998 12:22:00 PM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 7342

chicago.tribune.com The article at the above link states 250 to 300 angry shareholders showed up at Tlab meeting Friday to complain about merger. This was before the AT&T 40 channel announcement. It was my opinion before Friday and now that Ciena is not worth what Tlab offered. I emailed Tlab board today and again urged them to cancel deal, but if they decided to go forward not to pay more than one Tlab share for 2 Ciena shares. I have seen what competition does to companies with limited products and customers. Look at Pairgain as an example of what happens. I know many on this board are strong Ciena supporters and I want to wish you all luck, but I personally wish Tlab had stayed away from Ciena. Robert D.

To: Doughboy who wrote (3254)	8/24/1998 12:42:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 7342

I think the deal will go through at a ratio of roughly .65 to 1. CIEN shareholders would have nothing to complain about, because as a stand alone the company would probably be trading in the low to mid 20's. Ciena is extremely vulnerable right now. It has a tiny customer base with a very narrow product line. I don't care how alluring the prospects for the future are, this company could fold if it does not align itself with a larger company with better marketing and strong finances. A ratio of .65 will give Cien s/h roughly 27% of the combined entity, and a buyout price of roughly $37. That's a hefty premium over what the market would have been with Cien as a stand alone company. TTFN, CTC