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Technology Stocks : Ciena (CIEN)

CIEN 201.51

+2.9%

Nov 6 4:00 PM EST

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From: FJB	7/24/2009 11:15:52 AM
	of 12623

T and VZ's capital spending will benefit most of the companies in the communication service, equipment and software sectors, especially the high margin software providers; that is why the prices of all those companies were up 2.1% to 7.8% yesterday. The entire market is up about 2.2%, so do not be too impressed with a 2.1% gain. Ciena (CIEN) was up 7.5% Thursday because they will be one of the main beneficiaries of T's second half spending; CIEN is a premier core and metro switch and software provider. They have good international exposure, but they just got burned on a loss-leading contract when the buyer cancelled the high-marign (expensive) part of the order. CIEN expects to sell dozens, then hundreds, of high-margin, high service margin CoreDirectors as wireless broadband expands over the next few years (the new CD handles 5X traffic). seekingalpha.com

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