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Technology Stocks : PC Sector Round Table -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (1725)	4/27/1999 4:54:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 2025

Very interesting story Lawrence. I never really got too involved in that merger, or did I really follow the industry that time. It is interesting that the whole market for DWDM seems to have a competitive edge that didn't exist back then. <Quite obviously, AT&T/Lucent engaged in a orchestrated dirty tricks campaign to foil this merger at critical junctures. Also, it's a good idea to read Ciena's PR during this period:> After reading the article I can see why you would suggest AT&T/Lucent engaged in dirty tricks, but it's not clear to me why. Sure the companies have a shared history, but some date don't they begin to live separate lives? Is there monetary reason why AT&T would do anything for Lucent benefit? I've been buying AT&T shares lately and I'd be interested to know if you think they will be sued by Ciena? If it could be proved, this might derail the train that AT&T seems to be on. One of the things I read in this article is that Ciena didn't really treat Tellabs correctly. It looks like this article makes a strong argument that Ciena was as much to blame for not bringing this information to Tellabs as any circumstance that could've been orchestrated by AT&T/Lucent. Best regards, Mark PS This arbitrage deal with PCTV is still very bizarre. Have an offer of 8 dollars cash and a stock trading for 8 5/8. This is now either great short, or there seems to be very strong opinion a second bid will come along at a higher price. It is interesting to see that the AT&T bid for Media One is pricing a customer at $4700. Certainly the potential for homes passed by the MMDS networks the PCTV would make the company worth a whole lot more than Sprint is paying. While I'm pleased not to see my investment go bankrupt, I did have higher hopes. By the way, I've been reading that Media One maybe worth more because they've done a lot of work building out their network. Of also read that they've been using equipment from Tellabs. Another figure that they seem to ignore is that the majority of businesses don't have cable TV hookups, but that doesn't mean the lines don't past their business. I believe that high-speed Internet with a variety of new services telephony would be very appealing to business. Certainly this will make all these markets much more valuable than simply gauging them by the number of homes they serve today. Also, the service will probably be good enough to bring a lot of satellite customers back into the fold.