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Technology Stocks : Ciena (CIEN)

CIEN 182.87

-3.5%

Nov 4 4:00 PM EST

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To: James Fulop who wrote (7837)	12/9/1999 7:57:00 PM
From: James Fulop	Read Replies (1) of 12623

Article on the CNBC site about Ciena.. "Ciena 4Q on Course for Modest Comeback" cnbc.com Not so sure about the following part, as I believe there are more customers... >>On the cloudier side, Ciena is still suffering from its long-standing Achilles' heel: Only a few customers make most of the company's revenue. For its fiscal third quarter, three customers made up 58.1 percent of its revenue, down from 71 percent in the fiscal second quarter and fiscal 72 percent in the year-ago quarter. While Ciena added seven clients for a total of 18 in the third quarter, the concentration of sales to three core customers is still a pretty big risk.<< ciena.com

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