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

To: mmeggs who wrote (5207)	11/3/1998 7:34:00 PM
From: still learning	Read Replies (4) \| Respond to of 12623

I agree a BEL contract would be worth more than a buck or two. Enron isn't. Only because Cisco is mentioned is it worth that much. I agree we're compensating for yesterday's overreaction. Maybe it goes up tomorrow. My gu8es, and it is onely a guess, is that it settles down a bit. Good luck either way.

To: mmeggs who wrote (5207)	11/3/1998 10:58:00 PM
From: john dodson	Respond to of 12623

Re: BTW, there is no takeover anytime soon. Because CIEN repriced their options for employees, there is no pooling of interest mergers allowed for six months. I don't necessarily disagree with this statement. However, simply preventing a "pooling of interest" does not preclude a merger at all. It does, however, make it more expensive in that the acquirer cannot save taxes on the purchase price. Hence it does make an imminent merger less likely, but not out of the question. Any would-be acquirer would have to pay quite a bit more for CIEN. However, The previous multi-billion dollar offer by TLAB is still well north of where CIEN currently trades. This is still true even after adding in the cost for not pooling interests. Something to consider... -John Dodson