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Ciena Corporation Message Board

  • mekayel mekayel Aug 27, 1998 11:35 AM Flag

    REALITY CHECK!!!!!!!!!!!!!!!!!!

    I went away for a few hours, them what happen?

    Mr. Buffet has spoken.

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    • ..hi,,,no it doesnt mean our shares are worth
      46..simply take the tlab price and times it by .8....so at
      57 it is 57x.8= 45 5/8
      ..if tlabs drops a
      bit,like it may lets say 53 today is doable, then we go to
      42 3/8...as long as tlabs holds above 40 dollars a
      share we will go no lower than where we are now...the
      lowest i can possibly see tlab after this is around 48,
      which is 38 bucks for us...remember tlab stock already
      got crushed lately, and i dont expect much of a
      further decline....when this all washes over and tlabs is
      back to normal levels of 65 or so we are worth 52
      bucks a share..they took a few billion dollars off the
      share price so the market may look that as a positive
      for tlabs...rick

    • Yes sir, looking good now!

    • man, you have been saying this was gonna go
      through, I havent been sure what to think! does this mean
      that our shares are worth 46.00 for sure? or is it
      gonna be based on the price of tellabs on a future day?
      thanks for your positive input on the deal through all
      this!

    • worst case scenario is tlab drops to 53..but it
      may not as this may be looked on positively as tlab
      saves 3 billion bucks and gets the technology they so
      desire...so worst case for now is tlab 53x.8=42 dollars a
      share !! We win... !! I love burning those scummy short
      losers..hahahahaha rickotto@aol.com

    • I HAVE BEEN POSTING THE CEOS COMMENTS FOR DAYS,
      IT WAS GOING TO HAPPEN NO MATTER WHAT.,...SCREW
      JAMES TORO, AND THAT A HOLE LUCENT IDIOT..KATHY AND
      WHOEVER ELSE BLASTED US FOR DAYS... IS GONNA GET THEIR
      ASSES HANDED TO THEM ON A SILVER PLATTER..ALL THE
      SHORTS SHOULD GO TO HELL..AND I AM LAUGHING TO THE BANK
      AT THOSE SCUM BAG A HOLES..
      Friday August 28,
      1:35 am Eastern Time

      Tellabs to buy Ciena for
      $4.7 bln stock
      -USA Today

      NEW YORK, Aug 28
      (Reuters) - Tellabs Inc (TLAB - news)
      has agreed to buy
      fellow telecommunications-equipment maker
      Ciena Corp
      (CIEN - news) in a $4.7 billion stock deal
      expected
      to be announced on Friday, USA Today
      reported.

      Under terms of the renegotiated transaction, approved
      by both companies' boards on Thursday,
      Tellabs
      will swap 0.8 shares for each outstanding Ciena share,
      executives close to the deal told
      the
      newspaper.

      The deal values Ciena shares at $46.25 based on
      Thursday's Tellabs close. Both companies
      declined
      comment.

      In structuring a new agreement, the pair hope to end
      a painfully turbulent period in their
      stock
      valuations, the newspaper reported.

      Ciena's market
      value has plunged by more than two-thirds from a record
      $92- a month ago, while
      Tellabs has lost about a
      third of its value.

      Ciena's share price almost
      halved in frenzied trading last Friday when it failed to
      get a lucrative
      contract from AT&T (T -
      news).

      Both sides recognised their original 1-for-1 stock
      swap, valued at $6.9 billion when first announced
      in
      June, would have to be reworked, the newspaper
      said.

      Ciena dropped 3-7/16 on Thursday to $30-13/16, its
      lowest close since May 1997, on worries that
      a deal
      would not be reached. Tellabs fell 11/16 to
      $57-13/16.

      After a hastily arranged meeting with his board in
      Chicago on Tuesday, Tellabs chief executive
      Michael
      Birck flew to Washington the next day to meet Ciena
      chief executive Patrick Nettles.

      By late night,
      the two men, along with Tellabs bankers Goldman Sachs
      and Ciena advisers Morgan
      Stanley, had a new deal,
      USA Today reported.

    • Your post makes more sense than any other I've
      seen here. I'm new here because I just bought this
      week. I'm here to make some money. This Russian/Asian
      puking wasn't so prevalant a concern, or the Liability
      Litigation either, prior to my buying Ciena. I bought
      because of the fundamental value here. I haven't read all
      the historical posts but I can relate to many. And I
      guess if I bought at $90 I would be damn well pissed. I
      bought because the near term outlook, although tainted
      by a market full of foreign angst, is sound. Long
      term seems to have it's doubts, but it is only a
      question of many factors that are beyond one's control. I
      can see $90 in 2 years without a proper suitor, but
      with one it will be much sooner. That's why I'm here.

    • If cien shows more weakness Friday I will
      probably add to my position. The market sentiment will
      determine
      how much I increase my exposure-already significant.
      Fridays are notoriously bad days for the market due to
      the fears of the Day Traders and institutional money
      runners holding positions over the weekend and getting
      blind sided by unforseen bad news.

      Rob, the
      merger is as good a fit as you can get...two great
      companies that will not only be additive but synergistic
      (1+1=something much > than two). Was not able to buy today
      due to work....

      The only fear I have is
      another general sustained market down turn, irrational as
      it may be, and getting locked into "dead money". The
      following link shows the flash quotes of SPU and
      the NDX
      as this is
      posted.

      http://www.cme.com/cgi-bin/gflash.cgi

      spu=-14.00 NDX=-11.00 and getting worse
      SPU=1122.40
      1022.40.....SPcash closed at 1142.59 Possible down opening..must
      check the news.

      Sorry about the rambling just
      too tired.
      The ten days for revision of the offer
      before 9/9 if an agreement is reached,as you alluded to
      in your post might a be little tense with this hair
      trigger market to deal with and a possible sell
      off.
      Regards
      Potts

    • With investors (?) like Lu, mekayel, and alphabet blah
      there will be a strong market for pet foods near and during their retirement.

    • I have met the enemy... and we are they! I'm
      done...
      mekayel... you win... Yeltsin loses and so do I
      $10,000.

      you'll not have me to kick around any more.

      down
      and out.
      Mr. Solomon

 
CIEN
21.85+0.39(+1.82%)Apr 20 4:01 PMEDT