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Technology Stocks : Ciena (CIEN)
CIEN 188.78+1.0%Nov 19 4:00 PM EST

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To: craig crawford who wrote (1779)3/22/1998 12:37:00 AM
From: Gary Korn  Read Replies (2) of 12623
 
Craig,

About that Barron's article. Avalon, a analyst firm out of Florida, is the entity that says CIEN is a great short. You'll love the reason:

According to Avalon, CIEN's products are simply TOO good. That being the case, CIEN will meet all of the demand with its exceptional products and there will be nothing left to sell by 1999.

So much for the doubling of bandwidth demand every 3.6 months. More to the point, this just takes the cake:

It isn't enough that stocks are tanking because of product problems (ASND's TNT in the past) or inventory problems and product transition (CPQ and COMS). Now, we've got a stock (CIEN) that is supposedly a worthy short because its product is just too good. Ain't that the darndest!

Gary Korn
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