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Technology Stocks : Ciena (CIEN)

CIEN 178.17

+1.0%

Nov 21 4:00 PM EST

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To: Boplicity who wrote (8923)	5/20/2000 2:46:00 PM
From: DOUG H	Read Replies (1) of 12623

"Chief Executive Pat Nettles said Ciena no longer expects to sell $50 million to $100 million of two new products this fiscal year. The company now expects no sales from one and less than $50 million from the other." "Nettles said on a conference call yesterday that he expects Ciena to ``slightly outperform'' profit estimates in Linthicum, Maryland-based the company's third and fourth quarters." These two statements taken together say that despite reduced expectations of NEW products in the next 2 qtrs the company will still exceed estimates while allowing for upside surprise.

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