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Technology Stocks : Ciena (CIEN)
CIEN 200.29+2.1%Nov 26 4:00 PM EST
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To: smallcapmaven who wrote (10283)1/28/2001 5:30:02 PM
From: Techplayer  Read Replies (2) of 12623
 
smallcapmaven, the only reason that I can see to short CIEN is that earnings going forward will be diluted by the recent acquisition. I do not see CIEN warning or missing their numbers. CIEN is not ADCT and optical equipment sales will likely exceed present estimates on a full year basis, not miss them. JDSU, GLW and NT have bullish outlooks after the present quarter. Since the market tends to look out beyond the present quarter, it will take some brilliant analyst to publish a report on CIEN's 130-150 forward PE to drive it down. All imo.

tp
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