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Technology Stocks : Ciena (CIEN)
CIEN 214.35+0.7%Dec 9 4:00 PM EST
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To: ratan lal who wrote (9919)12/7/2000 2:34:43 PM
From: cfoe   of 12623
 
CIEN reported lower gross profit margins.

The reason for gross margin slippage was neither sales price squeeze or cost of components. due to heavy demand they needed to outsource some production. Given that they were a new customer to the outsourcer, they paid a higher price. They said as they go forward in-house production capacity will increase and the costs charged by the outsourcers will decrease. so margins should improve all through fiscal '01.
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