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Technology Stocks : Ciena (CIEN)
CIEN 189.63-0.2%4:00 PM EST
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To: jach who wrote (3040)9/14/1998 9:41:00 AM
From: gbh  Read Replies (2) of 12623
 
Ciena without the merger was at around 40$ and with the negative earnings announcements it should be well over 20$

With a bad 4Q already pre-announced, and a gloomy 1999 outlook as far as growth over '98 is concerned, this stock won't be hitting $20 any time soon.

CIEN has to prove itself all over again, and that will take time. Throw all previous FA out the window. This company has good technology (like many others), but the business plan sucks right now, plain and simple.
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