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To: Sawtooth who wrote (14994)9/14/1998 8:57:00 AM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
Re : CIEN -- the day that the merger was announced, either the WSJ or the NYT mentioned in an article about how the venture capitalists had bought in at an average price of X (less than $1.00 a share), and now they would get whatever.

As usual, when I was reading the article, I thought ... IF ... the deal closes.

Venture capital (and risk arbitrage) is not as easy as some people think it is.

Jon.