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Technology Stocks : Ciena (CIEN)
CIEN 243.79+2.3%Jan 15 4:00 PM EST
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To: Larry Unger who wrote (1162)1/29/1998 2:58:00 PM
From: Greg Strzegowski  Read Replies (1) of 12623
 
This dog had its day.

Do not bet against LU. Sell now. The one bothersome item from LU's press release is that their new Ultra Dense WDM operates on OC-192. (Not to mention 80 channels - either on OC-48 or OC-192).

CIENA's products were just obsoleted. There will be a reduction in multiple by the end of this year.

Comments/Regards.

P.S. LU is buying thin film gratings by the boat load from an Corning OCA to manufacture these competitive products.
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