Hi William,
Thanks much for the response and the useful info. I do research, but it is difficult to do it well. My first interest in Ciena came from the long Forbes article on the company last year. Of all such publications, I have always gotten my best tips from Forbes. So, after doing a little further research I went with it . . . and I really do want, via investment, to ride the fiber optics wave into the future (I welcome your other stock suggestions about that.) Normally, I ride out all ups and downs with my stocks, but the AT&T announcement's timing was so bizarre (and underhanded?) and the current post-Tellabs dip in Ciena is just so drastic, that I have to wonder about holding and hesitate before buying more. Thanks for the info., but even if Ciena has the best technology, others, like Lucent (boo hiss) will develop it, no? I will hold onto my Ciena....but buying more? That is a tough one. I'm off to the Ciena website to see if there is any news there. I have noticed that David Faber is following Tellabs and Ciena closely on CNBC . . . and actively reporting on it periodically today (I'll bet he owns stock!). It seems part of the reason Tellabs cancelled the deal is that they had their own shortfall this quarter. Yes, I know Ciena is a cash-rich, debt free company. Faber just showed a clip of Ciena CEO, Nettles, saying the utter capacity ability and value of their product should give them steady growth next year . . . though there is serious pricing competition (which worries me....the way CPQ and Dell worry Micron!) The early troubles with the Starr Report alone showed us why capacity is so important! Nettles says they do not intend to sell anytime soon. But, obviously, they have shown their willingness to be bought, once their house is back in order. Keep me posted and I'll do the same.
Tom
P.S. My only other tech stocks are MSFT, INTC, CPQ, CSC0, and SAP, all big boys. Ciena was, and is, my speculative baby. |
