Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 200.18

+2.0%

Nov 26 4:00 PM EST

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To: Gary Korn who wrote (1733)	3/16/1998 9:03:00 AM
From: Odi Handoko	Read Replies (1) of 12623

Gary/All: A few weeks ago, CIEN stock dropped from the high 50s to the low 40s because of reports that one of their big customers, Worldcom, were either reconsidering or pushing out their purchases, of CIEN equipment. This was before the announcements with Sprint became public today. And if I read correctly, the deal with Sprint is a 3 year contract. Now I wonder what that will do to the price of CIEN now that they have shown that they have more deals coming.... Can you imagine what, if any, of the main shorts would now do with CIEN stock??? I would not want to be in their shoes and would not be surprised if the price moves rather quickly back to the mid 50s..... IMHO. Comments, anyone....

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