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Technology Stocks : Ciena (CIEN)
CIEN 239.00-1.1%Dec 29 4:00 PM EST
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To: jach who wrote (3098)9/14/1998 3:54:00 PM
From: gbh  Read Replies (1) of 12623
 
CSCO paid 8 times STRM when they were not staring a bad Q and following year in the face. I also believe CIEN is undervalued, but not 2 to 3x undervalued. More like 20-30%, maybe 50%.

In order to sell now, they will have to be willing to accept far less than a few months ago. Anyone thinking CIEN can immediately sell itself for 30-35 is plain wrong. There will be no buyer at this price, at this time. Maybe in 6 months.
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