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Technology Stocks : Ciena (CIEN)
CIEN 252.98-0.2%Feb 5 4:00 PM EST

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To: Sam Citron who wrote (299)6/7/1997 1:38:00 PM
From: Tom Hua   of 12623
 
Sam, below are excerpts in today's Barron's. For the full article go to
barrons.com

Ciena prospects look good now
because it's the leader in a hot
field. Increasing capacity is the
top priority for phone
companies, and Ciena has the
best product on the market. Yet
Ciena's valuation leaves little
room for error. The company
trades for over 40 times projected
1998 earnings, and at 15 times
annualized sales in its April
quarter. If Ciena fails to land a key customer, or if its well-financed rivals come up with a competing
product, Ciena would be in trouble. Watch out.

Regards,

Tom
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