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Technology Stocks : Ciena (CIEN)
CIEN 214.35+0.7%Dec 9 4:00 PM EST
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To: Rustam Tahir who wrote (10317)2/8/2001 12:58:22 PM
From: James Fulop  Read Replies (2) of 12623
 
>>• McLeodUSA is among a handful of well-funded CLECs. We estimate that its network expansion is over-funded by $400MM, assuming $1B in capital spending in 2001.<<

Interesting. Some posters on the Sycamore and Nortel threads immediately assumed Ciena was financing this whole deal and therefore thought the contract was not attractive. I had my doubts about it being vendor financed given Ciena's record (my understanding of even the Iaxis situation was that it was not originally vendor financing but normal receivables that went into arrears....)and the above just lends more backing to my assumption. Thanks.
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