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Technology Stocks : Ciena (CIEN)
CIEN 225.21-13.1%Jan 8 4:00 PM EST
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To: Luke G. who started this subject2/1/2002 8:59:46 AM
From: RKHIII  Read Replies (1) of 12623
 
This is probably the cause, from briefing.com:

08:34 CIEN CIENA estimates slashed by UBS Warburg (12.70)
UBS Warburg cuts FY02 estimate to a less of $0.25 from a loss of $0.12, and FY03 to $0.10 from $0.27; cites reduced expectations for all major product areas including long haul DWDM, CoreDirector, and metro optical; maintains HOLD rating and cuts target to $16 from $19.
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