Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gbh who wrote (2737)	9/9/1998 11:37:00 AM
From: william liao	Respond to of 12623

now it is a rumor or it is for real? cien price went back and tlab's went down a little. if cien lost another contract, it will be considered a material adverse development. according to the agreement clause tlab can walk away without paying 100m break-up fine. then cien is as free as a bird to shop around for another suitor. tlab management is pretty smart; they know what they are looking for. cien has something tlab wants badly. tlab hates to see that cien is to be grabbed by a competitor. att also hates to see the merger goes through? the timing of the att anouncement ruins this deal, for the time being. william

To: gbh who wrote (2737)	9/9/1998 11:44:00 AM
From: Paul Shread	Read Replies (4) \| Respond to of 12623

Boy, this has been sad to watch. I've got to say one thing though: that Washington Post article on Monday seemed to underscore my suspicions about CIEN, which is that they seem to be having substantial enough problems with their products to give people the jitters. The big telcos are used to stuff that works flawlessly, so things like smoking circuit boards raise real red flags. I think their problems are not just business-oriented, but that's just my opinion, and I also wonder how much the departure of David Huber hurt them technologically. For what it's worth, CIEN is now trading basically at its offering price, a point I was fortunate enough to buy at and then get out at $46 at the first sign of trouble in February. That's probably the real lesson here: sell anything that's not a hugely dominant blue chip at the first sign of trouble, because it's usually just the tip of the iceberg. That's my one and only sell rule, and it's worked pretty well for me. Good luck to all. Paul