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

To: Chuzzlewit who wrote (3616)9/10/1998 10:43:00 PM
From: pass pass  Respond to of 7342
 
Ciena adopted Shareholder Rights Plan in May. The rights kick in if any entity buys more than 15% of the shares. So a hostile takeover will be prohibitively costly to the suitor.



To: Chuzzlewit who wrote (3616)9/11/1998 4:53:00 AM
From: Thomas Haegin  Read Replies (2) | Respond to of 7342
 
I think the point that pissed key people, for example from R&D at CIEN, might walk away after a unfriendly takeover is valid. CIEN seems more of a technology co. than a marketing wizzard at this time, so I think it's rather important that these key people stay on after the merger.

BWDIK,
Thomas


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