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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (18088)	1/8/2002 12:05:56 PM
From: Bocor	Read Replies (2) of 19633

11:56am 01/08/02 Ciena sees no clear recovery signs: DJ (CIEN, JDSU, GLW, JNPR) By Tomi Kilgore Ciena (CIEN) is sliding 53 cents, or 3.2 percent, to $16.22. Just about 15 minutes earlier, the stock was trading up about 25 cents at $17. Dow Jones is reporting that Ciena chief executive Gary Smith, speaking at the Salomon Smith Barney conference in Arizona, said there were no clear signs of a recovery in the telecommunications equipment market. Among others in Ciena's business, JDS Uniphase (JDSU) is now down 15 cents at $9.56, Corning (GLW) is slipping 12 cents to $10.39 and Juniper Networks (JNPR) is losing 57 cents to $21.07. Those stocks have all slid from their respective intraday highs of $9.88, $10.84 and $21.79

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