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

To: still learning who wrote (6915)	4/6/1999 12:01:00 PM
From: Sawtooth	Respond to of 12623

<<I don't think 2 board members usually leave anywhere unless there are issues over strategy....Cannot be seen as a good sign IMHO.>> Could be, although I've seen directors leave a board for a variety of reasons. Stock price indicates that there is something unpleasant going on, however. As R pointed out, it would be nice to get some news or comments. ...Tim

To: still learning who wrote (6915)	4/6/1999 12:03:00 PM
From: Michael F. Donadio	Read Replies (1) \| Respond to of 12623

Alcatel announcement may explain Ciena slide. biz.yahoo.com Tuesday April 6, 9:03 am Eastern Time Company Press Release Alcatel Delivers Cost Competitive Metro DWDM to Accelerate Wavelength Services Deployment PLANO, Texas--(BUSINESS WIRE)--April 6, 1999--Alcatel (NYSE:ALA - news) today announced one of the industry's most cost-competitive dense wavelength-division multiplexing (DWDM) products to accelerate metro and enterprise DWDM deployment among local and competitive exchange carriers.

To: still learning who wrote (6915)	4/6/1999 12:04:00 PM
From: pass pass	Read Replies (1) \| Respond to of 12623

There is an easy explanation: VCs want to sell the company, Nettles wants to buy more companies. It's strange to me though Nettles ousted VCs, I thought it should have been the other way around.

To: still learning who wrote (6915)	4/6/1999 12:33:00 PM
From: Rob Pierce	Read Replies (2) \| Respond to of 12623

A question that might illuminate whether the change in the Board is good or bad is this: Is the second board seat likely to go to someone from Omnia, and if so why announce BOTH resignations at the same time rather than one-at-a-time as the new board members were announced? I would think that the one-at-a-time approach would imply an orderly planned transition (good), whereas the simultaneous departure implies a less than amicable scenario (bad). The recent selling pressure certainly indicates that latter as well. One possible reason for a split might be that the VCs were intending for CIENA to be acquired, and the rest of the board is (now) resigned to forge ahead alone - being the acquirOR rather than an prospective acquirEE. That may increase the risks beyond what the VCs were willing to bear as well as increase the timeframe over which they would reap their returns. That would give them good cause to bail out in favor of new ventures, and that in turn will cause takeover speculators to bail as well. Yeowch. Sounds bearish (near-term) on the stock, but I remain quite bullish on it long-term. How soon could we know if the VCs have indeed cut their position? RP