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

To: CareyM who wrote (3490)	9/1/1998 11:21:00 PM
From: pass pass	Read Replies (1) \| Respond to of 7342

Has there been any precedent that a merger proposed by boards but vetoed by shareholders? If both TLAB and CIEN boards didn't do their study, randomly propose the new ratio, and leave everything truly for the voters to decide, it's quite stupid. Just think about their credibility, public image and responsibility. So I think the major shareholders (funds) were probably in agreement with this new deal. The postpone does show both parties are second-guessing each other now. TLAB wants to see if CIEN has more skeletons in the closet and CIEN wants to see if there are new buyers. Look at what TLAB "did" to AFCI, absolutely no mercy.

To: CareyM who wrote (3490)	9/2/1998 1:30:00 AM
From: Curbstone	Read Replies (1) \| Respond to of 7342

I am disappointed to see it extended to November. I think this will cause the stock to stay in the sub-$50 range until things are settled. I'm not so sure about that. There was some mention of the SEC needing to review the renegotiated terms of the merger. If this is true, and we all know how slow the wheels of government can turn at times, then the new time frame might be just about right. If players deem this to be the case then there is no reason why the stock of either company needs to languish. These are both good companies and there is tremendous interest in this merger, it only takes one look at the volume in recent weeks to verify that. I don't think a "reasonable" time frame to work out the kinks will have a negative effect. Mike

To: CareyM who wrote (3490)	9/2/1998 2:34:00 AM
From: The ChrisMeister	Respond to of 7342

"I think this will cause the stock to stay in the sub-$50 range until things are settled." On the other hand, the arbitraged TLAB shorts could cover tomorrow, shooting us skyward, while the CIEN longs dump. 2 1/2 months is a long time in this market. I can easily see TLAB back up in the mid-to-high 50's soon. This removes the albatross from around its neck, at least temporarily. That's how I think the market will see it. Looks like I'll get to vote on this deal after all, for what it's worth. ChrisMeister