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

To: Bong Lewis who wrote (2898)	9/11/1998 12:57:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 12623

On a serious note, recall that the latest exchange ratio (.8) had to be submitted to the SEC as part of a new set of proxy materials, prior to distribution to shareholders. Presumably, this filing has been made to the SEC or will soon be made. Once the filing is made, I don't believe there can be a new exchange ratio without, once again, submitting the changes to the SEC. My point, therefore, is that if there were to be a change in exchange ratio (which I doubt), it has to happen very soon. Once the materials are in the hands of the SEC, and certainly in the hands of shareholders, a change in exchange ratio just cannot happen without starting the process all over again. Gary Korn