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

To: L.B.Nguyen who wrote (4351)	10/16/1998 1:45:00 PM
From: still learning	Respond to of 12623

They never turned it down because they weren't entitiled to it. The breakup fee could not have withstood a challenge given the material changes that took place-- CIEN revealed problems that were not available at the time ofthe merger.

To: L.B.Nguyen who wrote (4351)	10/16/1998 3:22:00 PM
From: Baldwin	Read Replies (3) \| Respond to of 12623

This lifted from Yahoo thread, and this poster paraphrasing some of the discussion on the replay of TLAB conf call:: Words from Birck about TLAB furture efforts and ...liulewen (M/Batavia, IL) Oct 16 1998 2:39PM EDT ''I think that's just a little catch up,'' Birck said of today's jump. ''The negative side has been emphasized so long.'' Birck took steps to allay lingering concerns that Tellabs relies too much on its two current key products -- its TITAN digital cross connect system and MartisDXX -- while telecommunications networks are changing. These products make telecommunications networks easier to manage and more reliable, Tellabs said. He said for competitive reasons, Tellabs has been tight-lipped about much of its research and development projects. Nonetheless, he said the company will release this quarter an ATM interworking product, which will help customers migrate from today's technology to future networks. Tellabs is also continuing to make developments in echo cancelers and dense wave technology, which increases the capacity of fiber optic networks, he said. ''It gave the false impression that we weren't doing much about the future and the only hope we had was to acquire,'' Birck said. ''That is definitely not the case.'' Birck said while the turmoil surrounding the Ciena deal difficult, in the end the termination of the deal was for the better, as Ciena's key products are faced with stiff competition and pricing pressure. ''If things had continued the way they were in May and early June, that was a great thing to do for us,'' Birck said of the Ciena deal. ''As things turned out, given that kind of environment ... I'm glad it came out the way it did.'' NOW WHAT DO YOU THINK? hmmmmm