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

To: Sr K who wrote (5853)	12/10/1998 11:43:00 PM
From: Gary Wisdom	Respond to of 12623

Re: I've never heard a cc where there was not one "good quarter, guys" You obviously have never listened in to an Iomega cc. <ggg> I do not feel the questioners were "somber". They were not especially enthusiastic, but not somber. Hey, no one said this was a great quarter. But it wasn't that bad "relatively" either.

To: Sr K who wrote (5853)	12/11/1998 12:13:00 AM
From: john dodson	Respond to of 12623

I wonder what Ciena's CEO is thinking. Could there be any regret to not taking a lower offer from TLAB now? Clearly TLAB would have gone through with the deal for something lower than the .8 shares of TLAB, the 2nd offer. Of course, as TLAB's ceo said, Ciena thinks they're worth $30 or $40. Ironically, even if Ciena would have accepted 0.5 shares of TLAB (which would've been somewhere in the $20's at the time), that would be worth somewhere in the $30's using today's TLAB share price of $67'ish. Give it a few months, and it Ciena coulda easily netted $40's for their shareholders. Instead, we're at $17 and falling fast. Was he overcome by ego, pride and disappointment to the point that he walked away from the best deal that he could get for his shareholders in the forseeable future? Or does he really have some plan to "rebuild shareholder" value (other than waiting it out and hoping) that has any chance of panning out sometime in the next year? -John