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Technology Stocks : Ciena (CIEN)

CIEN 229.14

-0.4%

Jan 23 4:00 PM EST

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To: James Fulop who wrote (7927)	1/26/2000 1:39:00 PM
From: Bob Martin	Read Replies (1) of 12623

>>In a twist of investor fancy, Tellabs stock now lags the fiber-optic supplier Ciena (CIEN:Nasdaq - news) (even after adjusting for a stock split by Tellabs last year) for the first time since their merger-of-equals unraveled in September 1998. Tellabs canceled the deal after Ciena lost prospective contracts with customers, including AT&T (T:NYSE - news). NOT!!! If the split had not occurred, TLAB would now be ~$124, compared to CIEN's $72. Do the math, people. Long both CIEN and TLAB (turn on Maxwell Smart mode), and loving it! Bob

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