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To: pass pass who wrote (3801)	9/15/1998 9:21:00 AM
From: Mama Bear	Respond to of 7342

"Is there a way for the management to acquire a company (big or small, private or public) without shareholders' votes? " pass pass, I believe that in every legal business the owner has the last say about whether he sells or not. Barb

To: pass pass who wrote (3801)	9/15/1998 11:05:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 7342

pass pass, I believe it has to do with the size of the deal and with the bylaws of the corporation. I've owned several companies which purchased small independents and there was no shareholder vote. I believe that CIEN will soon be acquired by another company. Given its very small customer base the company is extremely vulnerable to loss of just a single customer. The purchase price will not make Ciena shareholders very happy, so I expect we won't see anything for a month or so in order for investors to get used to the stock trading under $15. That way a merger at around $18-$20 will look like a gift. TTFN, CTC