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Technology Stocks : Ciena (CIEN)
CIEN 178.17+1.0%Nov 21 4:00 PM EST
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To: James Edge who wrote (505)7/11/1997 4:45:00 PM
From: Tom Hua   of 12623
 
James, earnings will be reported on Aug. 6 after the market closes. I expect to see very good earnings. The date was engineered to counteract the effect of the lock-up shares expiration.

In my opinion, the most recent runup is in anticipation of blow-out earnings which is obvious by the choice of the earnings release date. I think the current price has very much accounted for it. There may be another jump at the open on Aug. 7, but I think the mass selling will then weigh down the exuberance, and it will spiral down afterward.

Regards,

Tom
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