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


To: Beltropolis Boy who wrote (3144)9/15/1998 8:05:00 AM
From: KM  Read Replies (1) | Respond to of 12623
 
Ciena's nearterm prospects better than Tellabs' now? Who would have thunk it?

As for Ciena's stock, don't be surprised if it rises from the ashes rather quickly on speculation that another suitor will step in due to discounted price... Company likely to go for more than $20 a share in any deal.

(From Briefing 9/19/98)



To: Beltropolis Boy who wrote (3144)9/15/1998 8:32:00 AM
From: Asymmetric  Read Replies (1) | Respond to of 12623
 
"Could this Tellabs/Ciena deal have been more poorly handled?"

Excerpt from James Cramer/Street.Com
(Cramer echoes what I posted last night.
exchange2000.com

By James J. Cramer
9/15/98 6:58 AM ET

*****

Random musings: Could this Tellabs/Ciena deal have been more poorly handled?

If you had to set out to sabotage Ciena, I don't think you
could have done a better job of it than Tellabs did. It reminds
me of that aborted Dun & Bradstreet IRIC deal earlier in the
decade, the one IRIC took years to recover from. That one
was stopped by antitrust, this one by failed business deals.
Nevertheless, the effect was equally devastating. The miss
at Tellabs had every communications company scrambling,
but it had me buying, as I don't think Tellabs' problems
portend a slowdown in this industry...