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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: George Gilder who wrote (753)	10/23/1998 1:01:00 PM
From: Baldwin	Respond to of 5853

George: Here's the paste from CNBC interview ( and link ): David: You don't think you need to make another acquisition potentially to address that area? Probably not. I would not rule that out entirely because it's always nice to get to market sooner or with a broader product range. But it certainly isn't a requisite. Mr. Birck, our analysts love this Tellabs Ciena deal when it took place. Now Ciena trading at 11 bucks. Doesn't it have any interest for you at this point? Well, I would not say that it does not. And we certainly came to know them pretty well and have considerable respect for them. The problem at 11 bucks is that they see themselves as a 30, 40 dollar stock and would wait it out rather than sacrifice a fairly significant amount to get a deal done. So they may be around for awhile. Seemingly, an attractive opportunity but with a, some hesitancy about trying to do something at these low prices. David: Given what you went through in the Ciena deal and no deal, has it, a, have you learned a lesson in terms of approaching your next acquisition and b, has it scared you off from the process entirely? I wouldn't say it scared us off but it was certainly not a pleasant experience. The lesson, perhaps, the larger the acquisition the more difficult it is because as you may recall, simultaneously with the Ciena acquisition we were also doing the coherent acquisition, a much smaller company and that went after the Department of Justice got out of the act, very smoothly, the integration has been good and the activities that now are taking place as a result of that are extraordinarily extraordinary. So we're not wary of acquisitions to the extent that we would just turn them down. But we don't see any requisite that says we have to go out and acquire somebody to ensure our future either. mktnews.nasdaq.com