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

To: D.E. Lee who wrote (3500)	9/2/1998 3:43:00 PM
From: Matt Meagh	Respond to of 7342

Acquiring companies generally have their share price go down, reverse for acquirees (sp?). Delay of shareholder vote, adds uncertainty to the acquisition, thus more beneficial to acquiring companies stock price, more detrimental to acquirees (sp?) stock price - in the near term. Unless additional questions/concerns come to light over the course of the next 2 months, look for the share prices to converge (close to the .8:1.0) ratio, that is, unless you think this deal is dead on arrival. Even great acquisitions rarely reward the acquiring company's share price in the short term. Ciena's earnings report is one question that might come into play, whereas if the vote occured on 9/9, it wouldn't have. I'm guessing that the TLAB management already has a good idea of what's in there, but the voting shareholders may not. IMHO Matt