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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (7689)	6/20/2001 12:48:25 PM
From: Bill Harmond	Read Replies (1) of 57684

Analysis of the Millennium award! From Briefing today: CIENA Corp (CIEN) 36.74: Merrill Lynch downgrades to near-term NEUTRAL from near-term ACCUMULATE; firm says that no matter how good a product is, it is unlikely that market share gains will be enough to offset the market declines that are now expected in this environment; cuts FY02 estimate to $0.90 from $1.00.

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