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Technology Stocks : Ciena (CIEN)

CIEN 200.92

-1.6%

Dec 1 4:00 PM EST

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To: mact who wrote (8089)	2/18/2000 10:47:00 AM
From: jghutchison	Read Replies (2) of 12623

Mac, I can't resist adding my two cents. 1. Corvis is a late comer to the party. 2. The best technology doesn't necessarily win out. It's the execution that counts. 3. Ciena already has a comparable product out there, and executes superbly. 4. DWDM long haul is only a part of the equation. Look at the integral. The market is valuing cutting edge technology more than the commodity DWDM. 5. The stampede to get on board is just beginning e.g. (Reference: Bloomberg.com) 2/18 9:25 Ciena Corp. Price Target Raised at Brean Murray Ciena Corp. (CIEN US) was maintained ``buy' by analyst Gina Sockolow at Brean Murray Securities Inc. The price target was raised to $162 from $130. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2000 0.59 0.57 More... 2/18 8:44 Ciena Corp. Price Target Raised at Salomon Smith Barney Ciena Corp. (CIEN US) was maintained ``buy' by analyst Lissa Bogaty at Salomon Smith Barney. The price target was raised to $140 from $75. More... 2/18 8:33 Ciena Corp. Price Target Raised at Lehman Brothers Ciena Corp. (CIEN US) was maintained ``buy' by analyst Steven D. Levy at Lehman Brothers. The price target was raised to $150 from $110 per share. More... And, finally you saw the post regarding Fidelity Growth Company aqcuiring over 5 million shares. No doubt, Fidelity's other funds are loading up. PBHG Technology & Communications, up about 300% last year, also has a substantial position. The list goes on. What more could a girl ask for? Irrationaly Exuberant, Jack Hutchison

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