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Technology Stocks : Ciena (CIEN)

CIEN 187.00

-2.5%

Nov 18 4:00 PM EST

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To: craig crawford who wrote (1698)	3/9/1998 3:54:00 AM
From: Intel Trader	Read Replies (1) of 12623

This has probably been posted somewhere, but here it is again FWIW: Ciena (CIEN): Ciena's stock ended the week fairly flat despite the turmoil in the technology sector. There was some very good news this past week. On March 5th, Bloomberg reported that "Bell Atlantic Corp., the No. 1 U.S. local telephone company, said it will begin using a Ciena system in the next few months. The Baby Bell plans to spend $1.5 billion to upgrade its network for more data services over the next two years, analysts said." Bloomberg also said "Ciena Corp., Lucent Technologies Inc. and Northern Telecom Ltd. are racing to stretch existing lines with technology that saves phone companies from laying new fiber-optic. The winner will command a market that's surging 60 percent a year and will reach $10 billion by 2001, as customers clamor for the Internet, video conferencing and other services." Ciena is well positioned in this rapidly growing market. See our Market Meditations article for further information. found this on my email this morning, link: ragingbull.com

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