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Technology Stocks : Ciena (CIEN)

CIEN 252.98

-0.2%

Feb 5 4:00 PM EST

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To: Alex Burns who wrote (317)	6/7/1997 8:13:00 PM
From: Doug (Htfd,CT)	of 12623

Barrons explains their methodology for the Insider Transactions in small print at the bottom of the table: "The tables highlight companies showing the largest percentage change in insider holdings for the past six months. The reflect the holdings of the insiders indicated, not the entire company. The tables do no include pension-plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or trades under 100 shares. The 'Purchases' column includs only open-market and private purchases; the 'Sales' column indicates only open-market and private sales, and excludes trades preceded by option exercise in the 15 days prior to the reported event." Barrons is editorially sound. If the choice of companies were subjective, I'd expect them to disclose that. It sounds like there is no editorial judgment in selection, other than that disclosed in what I've quoted. ~ Doug ~

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