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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 686.19-0.5%Feb 4 4:00 PM EST
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To: Johnny Canuck who wrote (33112)6/28/2001 9:36:28 AM
From: Johnny Canuck  Read Replies (1) of 70476
 
08:39 ET CIBC on Opticals : CIBC World Markets says investors should recognize that legacy voice is a dead-end and focus instead on next-gen optical networking; initiates Ciena (CIEN 39.09) with a BUY; analyst notes that his FY02 estimate of $0.78 is well below the $1.06 consensus as he believes margin pressure will continue (cites recent CORV contract with Q), but nevertheless sees CIEN as a long-term winner. Also starts ONI Systems (ONIS 25.00) with a BUY and Sycamore (SCMR 8.59) with a HOLD.
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