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

To: Bald Man from Mars who wrote (4783)	10/31/1998 1:36:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 12623

Bald Man, I agree with you completely concerning the target price. 60% of TLAB seems to be a reasonable assumption. For any offer below $25 could just simply spark a bidding war IMHO. Not sure about the timing though, if a big enough contract is announced this week, short term, the price may go to the low 20s already. Once that is attained, the company can relax a little bit. Which means that whoever is interested would probably need to pay a premium of 40%-60% at the minimum for the company to even consider talking about a merger proposition. The longer the acquirer waits the more expensive it gets especially as more contracts are sealed. Just my 2 cents. sycamore