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Technology Stocks : Ciena (CIEN)

CIEN 204.03

+1.9%

Nov 28 4:00 PM EST

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To: Techplayer who wrote (10036)	12/19/2000 8:56:11 AM
From: jghutchison	Read Replies (3) of 12623

Techplayer, The news release indicates that Cyras has four customers in trials. Commercial shipments are anticipated by Q301. See Ciena's news release. My understanding is that the Cyras system is considerably more robust than similar products offered by Cisco and Redback. Also note that Ciena's acquisition price for this product is a small fraction of what Cisco paid for Cyras' sister company two years ago...$2.6 vs $7 billion, and is also considerably less than what Redback paid for Cyras' other sister company, Siara. The timing is perfect, the market is ripe, the price is right, the product fits nicely into Ciena's product slate, and Ciena will again, out-execute the competition. This is a blockbuster acquisition, and it has my vote. Jack Hutchison

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