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Technology Stocks : Ciena (CIEN)

CIEN 207.29

-0.7%

4:00 PM EST

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To: Gary Korn who wrote (2940)	9/11/1998 7:18:00 PM
From: Jon Cave	Read Replies (1) of 12623

Money Magazine pg. 81 October 1998 issue Lucent, Nokia, Tellabs... The world of telecom equipment has had its ups and downs. The article discusses Lucent and Nokia. In the last paragraph it states the following about Tlabs and Ciena: "What about Tellabs, the network developer that agreed to acquire fiber-optic equipment maker Ciena in June? By Aug. 13, Tellabs stock was up 24 %, thanks in part to the buzz about Ciena; now the stock is back where we recommended it because of concerns about the deal. Our advice: Sit tight. Sure, Ciena pre-announced an earnings shortfall and then the loss of a potential AT&T order. But Ciena remains a good acquisition; there's enough fiber-optic business to make up for the AT&T disappointment. And Tellabs remains a quality franchise."

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