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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (6725)	9/22/1998 3:15:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

Tuesday September 22, 2:50 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Ciena up on takeover rumors, new contract >>NEW YORK, Sept 22 (Reuters) - Shares of telecommunications equipment supplier Ciena Corp. rose 26 percent on Tuesday amid rumors it may be a takeover target following its failed merger with Tellabs Inc. (Nasdaq:TLAB - news), analysts and traders said. Ciena's announcement of a contract to supply new equipment to Japan Telecom Co. Ltd. also added to the share activity, analysts said. Shares of Ciena, the most active Nasdaq issue, gained 3-1/16 to 14-1/16 on volume of more than 16 million shares compared with average daily volume of about 10 million shares. <<