>>Ciena Shares Rise on Speculation of Juniper Bid, Analyst Says
2/16/00 9:36:00 AM
Source: Bloomberg News
Linthicum, Maryland, Feb. 16 (Bloomberg) -- Ciena Corp. shares rose as much as 15 percent on
speculation that Juniper Networks Inc. may be considering a bid for the maker of fiber- optic
equipment, an analyst said.
Ciena rose 11 5/16 to 111 in midday trading and touched 114 5/8 earlier. The shares have almost
doubled this year. Juniper shares rose 5/8 to 213 1/2.
Speculation on a possible Juniper-Ciena combination 'is making the rounds in the investment
community,' said Kevin Slocum, a managing director at Wit SoundView, who rates Ciena a
'strong buy.'
Juniper officials declined to comment. Ciena officials weren't immediately available.
Juniper Networks, based in Mountain View, California, makes Internet equipment. Ciena is based
in Linthicum, Maryland.<<
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