Here is what SmartMoney said about CIEN:
smartmoney.com
Ciena, the last company on our list, was an IPO star a year ago. It was the first company to market with a technology for wide-area networking known as Dense Wavelength Division Multiplexing. DWDM basically amounts to putting a prism in front of an optical beam, splitting the bandwidth and thereby increasing the capacity of backbone and trunk lines for ISPs and the phone companies. Now, however, Ciena faces competition for the first time, and must rapidly diversify its product line. Ciena has everything to lose, as Lucent and Osicom Technologies (FIBR), among others, begin to roll out their own offerings this year. With competition like that in the offing, we'd steer clear for now.
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I find it interesting that they highlight them as one of their hot technology companies or whatever it's called but then they tell us to stay away from them. Fine by me, while I get back into CIEN I want the street to think CIEN isn't worthwhile.
The ludicrous part about the write-up is for competition they mentioned Osicom (FIBR) in the same sentence as Lucent.
FIBR is a total sham and is not even a fly on Ciena's or Lucent's backside. The only thing FIBR competes with other companies on is to see who can issue the most stock in the shortest period of time and still have a horrendous balance sheet and no earnings. It's a toss-up between FIBR and SYQT. |
