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

To: Tim Luke who wrote (3734)	9/25/1998 12:12:00 AM
From: john dodson	Respond to of 12623

Re: anyone think chambers would say YES we are in talks... No, but in nearly every case that I can think of, the rumored acquiring CEO does not come out and give a clear statement of denial. My bet is that CSCO is not an acquirer of CIEN here. Then again, it depends on the definition of the word 'is', if you get my drift! On the other hand, CIEN seems pretty cheap in the low teens here. Either way, it could easily double from here pretty quickly... MHO only, -John Dodson

To: Tim Luke who wrote (3734)	9/25/1998 9:38:00 AM
From: still learning	Read Replies (1) \| Respond to of 12623

No, but if CSCO was in talks with CIEN it would be inappropriate to say it has several shortfallsthat prvent it from being an ideal acquisition candidate. That would border on manipulation, and at a minimum would not be seen as fair. Certainly it's a material fact and would have to be disclosed at some level if they were in discussions -- it could have been a noncommittal "we talk with a lot of copanies at all times, but if a deal were done or we were in serious discussions we would reveal that. That is not the case with CIEN" So Chambers had other options beside what he chose to say.