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Technology Stocks : Ciena (CIEN)
CIEN 214.35+0.7%Dec 9 4:00 PM EST

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To: Tom Hua who wrote (443)6/24/1997 10:06:00 AM
From: Stewart V. Nelson   of 12623
 
Tom

Regarding your statement:
<<< Perhaps the company is discreetly working on new products (other the upgrade of MultiWave 1600), perhaps not, I don't know.>>>>

CIEN recently introduced Add/drop mutliplexers F2Q (Apr.) They also have a network management software package.

Also, an acquisition with "cheap" stock would not be out the question. CSCO uses their stock to fill in their product line every couple of weeks!

If I were you, I would focus my attention not on their product pipeline, but on the qualtiy of the management team. Do they have the talent to turn their "one trick pony" into a "three ring circus"? I think you will find that they do.

There will be short-term fluctuations in their stock price which you might be able to exploit, but this company has as bright a future as the fiber they are lighting.

Just a thought!

regards
Stewart V. Nelson
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