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Technology Stocks : Ciena (CIEN)

CIEN 204.03

+1.9%

Nov 28 4:00 PM EST

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To: jach who wrote (3255)	9/17/1998 2:35:00 PM
From: L.B.Nguyen	Read Replies (1) of 12623

Lucent upbeat about growth prospects ( on optical networking, data networking and wireless. ) ----- NEW YORK, Sept 17 (Reuters) - Telecommunications equipment giant Lucent Technologies Inc. Thursday said it remains comfortable with Wall Street earnings estimates for 1998 and continues to be optimistic about its growth prospects going forward. The Murray Hill, N.J.-based company told analysts in a meeting Thursday it was comfortable with the ''full range of analysts' estimates'' for 1998, a Lucent spokesman said. The Wall Street consensus earnings estimate for 1998 is $1.70 a share, compared to $1.17 a share a year ago, according to First Call. ''We're upbeat about our prospects going forward,'' said Lucent spokesman Jeff Baum. ''Our fundamentals and the fundamentals of the markets we address are strong,'' Baum said. Lucent also told analysts it expects to grow faster than the overall telecommunications equipment industry by focusing on fast-growing areas of the market such as optical networking, data networking and wireless. For full story, read: biz.yahoo.com

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