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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	7/11/2001 2:32:29 PM
From: Softechie	of 37746

10:23 (Dow Jones) Investor psychology around optical systems maker Ciena (CIEN) has shifted, leading Thomas Weisel Partners analyst Hasan Imam to drop his stock rating to buy from strong buy and lower his price target to $45 from $85. While Imam is still bullish on the company, he said recent blowups by Ciena's peers, including Nortel (NT), Tellabs (TLAB) and Marconi (MONI) has left investors "increasingly more skittish on Ciena, one of the last ones standing." He added, "In light of this reality, we believe that (Ciena) will be stuck in a trading range over the next six months, despite strong execution." (JDB)

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